Funding you earn now, next payment 12:00 UTC+0.2673%/8h= +292.7% APRnext payment +$13.36 per $10,000 · paid last 24h +0.618%
Price spread now: Bybit against Binance−0.191%7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2592.593% of the position
Funding, last 7 days+0.773%+$77 on $10k
+Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.191%, 7d avg −0.156%
=Funding pays, the price is against you. Bybit is 0.035% cheaper against Binance than usual: you would sell low and buy high (spread −0.191% now, against its 7-day average of −0.156%). If the spread goes back, that is −$4 on $10k: about 1 hour of funding at the current rate (+$80 a day). At the pace of the last 7 days (+0.773% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.773% in total (about 40.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SLXUSDT | 0.06795 | 0.0319 | pay 0.0160% / 4h | 3h 49m | $2.5M | $3.7M | 25x |
| Short | Bybit SLXUSDT | 0.06782 | 0.2992 | get 0.1496% / 4h | 3h 49m | $1.0M | $598K | 20x |
Binance SLXUSDT
Bybit SLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $561.26
- Price spread: −0.191% → −0.156%
- −$3.53
- Slippage, 4 orders
- −$238.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $298.4
- Costs to cover
- 2.593%
- Break-even
- 3.3 days
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, just now.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 1 min ago | 0.74 bp | 25.0 bp −$25 | 210.6 bp −$2,106 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 2.95 bp | 132.5 bp −$132 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06789 | −0.088% | $997K | $1.6M | 20x | as long as short |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06794 | −0.015% | $1.0M | $375K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06809 | +0.206% | $1K | $529K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0117% | 4h | 0.06789 | −0.088% | $1.8M | $2.1M | 20x | as long as short |
| BloFin SLX-USDT | +0.0289% | 4h | 0.06792 | −0.044% | $167K | $8K | 25x | as long as short |
| MEXC SLX_USDT | +0.0318% | 4h | 0.06790 | −0.074% | $1.8M | $272K | 20x | as long as short |
| Binance SLXUSDTlong | +0.0319% | 4h | 0.06795 | long leg | $2.5M | $3.7M | 25x | |
| Gate SLX_USDT | +0.0408% | 4h | 0.06792 | −0.044% | $323K | $771K | 25x | as long as short |
| Aster SLXUSDT | +0.0682% | 4h | 0.06791 | −0.059% | $19K | $35K | 10x | as long as short |
| BingX SLX-USDT | +0.2954% | 4h | 0.06787 | −0.118% | — | $1.7M | — | as long as short |
KuCoin SLXUSDTM
Bitget SLXUSDT
SunX SLX-USDT
OKX SLX-USDT-SWAP
BloFin SLX-USDT
MEXC SLX_USDT
Gate SLX_USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.2992% | 4h | 0.06782 | −0.191% | $1.0M | $598K | 20x |