Funding you earn now, next payment 08:00 UTC−0.0958%/8h= −104.9% APRpaid last 24h +0.008%
Price spread now: Bybit against Binance−0.293%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2212.205% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.293%, 7d avg −0.101%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bybit is 0.192% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.4% a year). A funding rate is set anew for every payment. 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 | Binance 1000XECUSDT | 0.000008692 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $1.7M | $8.3M | 75x |
| Short | Bybit 1000XECUSDT | 0.000008667 | −0.0858 | pay 0.0858% / 8h | 2h 18m | $646K | $917K | 20x |
Binance 1000XECUSDT
Bybit 1000XECUSDTFunding 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
- −$201.23
- Price spread: −0.293% → −0.101%
- −$19.22
- Slippage, 4 orders
- −$199.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$440.96
- Costs to cover
- 2.205%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 22 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, 6 min ago | 3.48 bp | 24.7 bp −$25 | 104.4 bp −$1,044 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 22 min ago | 6.93 bp | 88.7 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
XEC on 7 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 1000XECUSDTshort | −0.0858% | 8h | 0.000008667 | −0.293% | $646K | $917K | 20x | |
| KuCoin XECUSDTM | −0.0476% | 4h | 0.000008690 | −0.028% | $216K | $128K | 20x | as long as short |
| Aster 1000XECUSDT | −0.0008% | 4h | 0.000008691 | −0.014% | $6K | $45K | 5x | as long as short |
| Binance 1000XECUSDTlong | +0.0100% | 4h | 0.000008692 | long leg | $1.7M | $8.3M | 75x | |
| MEXC XEC_USDT | +0.0100% | 4h | 0.000008692 | −0.005% | $333K | $111K | 20x | as long as short |
| Bitget 1000XECUSDT | +0.0100% | 4h | 0.000008693 | +0.006% | $1.2M | $803K | 50x | as long as short |
| Extended kXEC-USD | +0.0104% | 1h | 0.000008693 | +0.002% | $3K | — | 5x | as long as short |
KuCoin XECUSDTM
Aster 1000XECUSDT
MEXC XEC_USDT
Bitget 1000XECUSDT
Extended kXEC-USD