Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.065%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1191.189% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now +0.065%, 7d avg +0.142%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.142%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUALUSDT | 0.01387 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $2.2M | $3.1M | 50x |
| Short | Bybit USUALUSDT | 0.01388 | 0.0100 | get 0.0050% / 4h | 3h 50m | $1.0M | $739K | 25x |
Binance USUALUSDT
Bybit USUALUSDTFunding 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
- $0
- Price spread: +0.065% → +0.142%
- −$7.74
- Slippage, 4 orders
- −$97.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$126.6
- Costs to cover
- 1.189%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago | 3.25 bp | 24.4 bp −$24 | 134.8 bp −$1,348 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.05 bp | 37.9 bp −$38 | 221.4 bp −$2,214 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4152% | 1h | 0.01371 | −1.168% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0124% | 1h | 0.01388 | +0.084% | $111K | $21K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01387 | −0.014% | $394K | $178K | 3x | as long as short |
| Binance USUALUSDTlong | +0.0100% | 4h | 0.01387 | long leg | $2.2M | $3.1M | 50x | |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01388 | +0.065% | $1.0M | $739K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01387 | −0.014% | $938K | $93K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01387 | 0.000% | $6.1M | $248K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01391 | +0.274% | $267K | $47K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01388 | +0.058% | $799K | $383K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01388 | +0.058% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01389 | +0.149% | $10K | $1K | — | as long as short |
Variational Omni USUAL