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: Binance against Bybit+0.231%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days−0.112%−$11 · spread now +0.231%, 7d avg +0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.135% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01169 | 0.0100 | pay 0.0050% / 4h | 50m 22s | $4.1M | $1.4M | 50x |
| Short | Binance WUSDT | 0.01172 | 0.0100 | get 0.0050% / 4h | 50m 22s | $3.0M | $4.5M | 50x |
Bybit WUSDT
Binance WUSDTFunding 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
- $0
- Price spread: +0.231% → +0.096%
- $13.46
- Slippage, 4 orders
- −$71.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.87
- Costs to cover
- 0.923%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Binance: live order book, 10 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, just now | 3.85 bp | 18.6 bp −$19 | 121.0 bp −$1,210 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 3.40 bp | 22.7 bp −$23 | 74.2 bp −$742 | doesn't fit | doesn't fit |
W on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0603% | 1h | 0.01171 | +0.171% | $14K | $4K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0012% | 4h | 0.01170 | +0.094% | $1.3M | $1.2M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.422% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01173 | +0.342% | $2.0M | $249K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01172 | +0.231% | $3.0M | $4.5M | 50x | |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01169 | long leg | $4.1M | $1.4M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01169 | −0.034% | $432K | $162K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01171 | +0.205% | $12.2M | $1.2M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01170 | +0.086% | $379K | $176K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01170 | +0.086% | $1.3M | $542K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01171 | +0.171% | — | $6.6M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01172 | +0.299% | $45K | $48K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01169 | −0.035% | $67K | $20K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | +0.588% | $126K | $365K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01170 | +0.077% | $61K | $399K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0576% | 1h | 0.01179 | +0.898% | $13K | $10K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0832% | 1h | 0.01173 | +0.317% | $152K | $54K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD