Funding you earn now, next payment 04:00 UTC−0.0579%/8h= −63.4% APRnext payment −$2.90 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against Bybit+0.232%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$620as in the Funding arb table
Net, price: spread back to 7d avg − costs−$586as in the Price arb table
costs, in and out, $10k−$5945.943% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.232%, 7d avg +0.144%
=The price spread pays, funding is against you. Binance is 0.087% dearer against Bybit than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of +0.144%): +$9 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.252% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.90 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 | Bybit SPACEUSDT | 0.005182 | 0.0679 | pay 0.0340% / 4h | 3h 10m | $798K | $169K | 13x |
| Short | Binance SPACEUSDT | 0.005194 | 0.0100 | get 0.0050% / 4h | 3h 10m | $1.9M | $2.0M | 50x |
Bybit SPACEUSDT
Binance SPACEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$121.62
- Price spread: +0.232% → +0.144%
- $8.73
- Slippage, 4 orders
- −$573.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$707.18
- Costs to cover
- 5.943%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 60 min ago; Binance: live order book, 9 min ago.
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 Bybit live order book, 60 min ago | 5.90 bp | 272.9 bp −$273 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.93 bp | 36.2 bp −$36 | 122.6 bp −$1,226 | doesn't fit | doesn't fit |
SPACE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SPACE-USDT | +0.0070% | 4h | 0.005178 | −0.077% | $161K | $9K | 50x | as long as short |
| Binance SPACEUSDTshort | +0.0100% | 4h | 0.005194 | +0.232% | $1.9M | $2.0M | 50x | |
| OKX SPACE-USDT-SWAP | +0.0100% | 4h | 0.005184 | +0.039% | $1.6M | $1.2M | 20x | as long as short |
| MEXC SPACE_USDT | +0.0100% | 4h | 0.005195 | +0.251% | $404K | $154K | 20x | as long as short |
| KuCoin SPACEUSDTM | +0.0100% | 4h | 0.005180 | −0.039% | $652K | $102K | 20x | as long as short |
| Bitget SPACEUSDT | +0.0100% | 4h | 0.005170 | −0.232% | $904K | $234K | 20x | as long as short |
| Gate SPACE_USDT | +0.0512% | 4h | 0.005172 | −0.193% | $777K | $409K | 20x | as long as short |
| Bybit SPACEUSDTlong | +0.0679% | 4h | 0.005182 | long leg | $798K | $169K | 13x | |
| Aster SPACEUSDT | +0.1007% | 4h | 0.005174 | −0.147% | $16K | $31K | 5x | as long as short |
BloFin SPACE-USDT
OKX SPACE-USDT-SWAP
MEXC SPACE_USDT
KuCoin SPACEUSDTM
Bitget SPACEUSDT
Gate SPACE_USDT
Aster SPACEUSDT