Funding you earn now, next payment 08:00 UTC+0.0164%/8h= +17.9% APRnext payment +$0.82 per $10,000 · paid last 24h +0.128%
Price spread now: Binance against Bybit−0.135%7-day average −0.290% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$3053.051% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 7 days−0.152%−$15 · spread now −0.135%, 7d avg −0.290%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.155% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.290%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUSDT | 0.01633 | 0.0100 | pay 0.0050% / 4h | 3h 02m | $3.2M | $933K | 20x |
| Short | Binance USUSDT | 0.01631 | 0.0264 | get 0.0132% / 4h | 3h 02m | $9.1M | $3.2M | 10x |
Bybit USUSDT
Binance USUSDTFunding 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
- $34.34
- Price spread: −0.135% → −0.290%
- $15.53
- Slippage, 4 orders
- −$284.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$255.24
- Costs to cover
- 3.051%
- Break-even
- 59.0 days
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 7 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, 5 min ago | 6.12 bp | 152.5 bp −$152 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.68 bp | 12.2 bp −$12 | 21.3 bp −$213 | doesn't fit | doesn't fit |
US 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDTlong | +0.0100% | 4h | 0.01633 | long leg | $3.2M | $933K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01629 | −0.233% | $2.0M | $599K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01622 | −0.686% | $4.0M | $357K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01633 | −0.005% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0205% | 4h | 0.01630 | −0.178% | $12K | $54K | 5x | as long as short |
| MEXC US_USDT | +0.0258% | 4h | 0.01631 | −0.116% | $5.5M | $116K | 100x | as long as short |
| Binance USUSDTshort | +0.0264% | 4h | 0.01631 | −0.135% | $9.1M | $3.2M | 10x | |
| Extended US-USD | +0.0264% | 1h | 0.01630 | −0.164% | $4K | $168K | 5x | as long as short |
| BloFin US-USDT | +0.0304% | 4h | 0.01630 | −0.171% | $479K | $49K | 10x | as long as short |
| Bitget USUSDT | +0.0382% | 4h | 0.01632 | −0.067% | $4.3M | $259K | 10x | as long as short |
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Aster USUSDT
MEXC US_USDT
Extended US-USD
BloFin US-USDT
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0388% | 4h | 0.01632 | −0.037% | — | $1.3M | — | as long as short |
BingX US-USDT