Funding you earn now, next payment 04:00 UTC+0.0382%/8h= +41.8% APRnext payment +$1.91 per $10,000 · paid last 24h +0.165%
Price spread now: Bybit against Binance−0.113%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$332as in the Funding arb table
Net, price: spread back to 7d avg − costs−$370as in the Price arb table
costs, in and out, $10k−$3653.655% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.113%, 7d avg −0.065%
=Funding pays, the price is against you. Bybit is 0.048% cheaper against Binance than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.065%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.332% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STBLUSDT | 0.02652 | 0.0100 | pay 0.0050% / 4h | 45m 31s | $1.9M | $2.1M | 50x |
| Short | Bybit STBLUSDT | 0.02649 | 0.0482 | get 0.0241% / 4h | 45m 31s | $1.5M | $663K | 20x |
Binance STBLUSDT
Bybit STBLUSDTFunding 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
- $80.12
- Price spread: −0.113% → −0.065%
- −$4.83
- Slippage, 4 orders
- −$344.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$290.2
- Costs to cover
- 3.655%
- Break-even
- 32.4 days
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 1 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 Binance live order book, 4 min ago | 3.77 bp | 56.8 bp −$57 | 417.4 bp −$4,174 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.77 bp | 119.0 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
STBL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STBL | +0.0096% | 1h | 0.02642 | −0.377% | $79K | $2K | 3x | as long as short |
| BloFin STBL-USDT | +0.0096% | 4h | 0.02655 | +0.113% | $128K | $22K | 50x | as long as short |
| Hyperliquid STBL | +0.0100% | 1h | 0.02649 | −0.121% | $1.9M | $268K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02653 | +0.044% | $89K | $5K | 5x | as long as short |
| Binance STBLUSDTlong | +0.0100% | 4h | 0.02652 | long leg | $1.9M | $2.1M | 50x | |
| Gate STBL_USDT | +0.0100% | 4h | 0.02658 | +0.226% | $1.2M | $94K | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02652 | 0.000% | $358K | $145K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02646 | −0.226% | $1.1M | $232K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02652 | 0.000% | $969 | $276 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02647 | −0.189% | $2K | $1.1M | 20x | as long as short |
Lighter STBL
BloFin STBL-USDT
Hyperliquid STBL
Aster STBLUSDT
Gate STBL_USDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STBLUSDTshort | +0.0482% | 4h | 0.02649 | −0.113% | $1.5M | $663K | 20x | |
| BingX STBL-USDT | +0.0482% | 4h | 0.02652 | 0.000% | — | $6.6M | — | as long as short |
BingX STBL-USDT