BE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against Bybit+0.048%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.048%, 7d avg +0.008%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.040% dearer against Bybit than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.008%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.001% in total) that is about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BEUSDT	271.51	0.0047	pay 0.0047% / 8h	1h 01m	$2.0M	$1.1M	25x
Short	Binance BEUSDT	271.64	0	get 0.0000% / 8h	1h 01m	$8.2M	$37.3M	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$9.86
Price spread: +0.048% → +0.008%: $3.97
Slippage, 4 orders: −$55.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.9
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 11 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, 6 min ago	3.31 bp	18.3 bp −$18	157.0 bp −$1,570	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.29 bp	13.5 bp −$14	38.4 bp −$384	93.6 bp −$9,358	doesn't fit

BE on 21 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
Gate BE_USDT	−0.0311%	8h	271.50	−0.004%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	−0.0106%	8h	271.59	+0.029%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.82	+0.113%	$342K	$127K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.54	+0.010%	$46K	$367K	10x	as long as short
Binance BEUSDTshort	0.0000%	8h	271.64	+0.048%	$8.2M	$37.3M	25x
OKX BE-USDT-SWAP	0.0000%	8h	271.55	+0.015%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.49	−0.008%	$7K	$156K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.56	+0.018%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.57	+0.022%	$12K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	271.37	−0.052%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	271.56	+0.018%	$242K	$305K	10x	as long as short
QFEX BE-USD	+0.0040%	1h	271.55	+0.015%	$1.3M	$2.3M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.27	−0.088%	$113K	$108K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.44	−0.026%	—	—	10x	as long as short
Bybit BEUSDTlong	+0.0047%	8h	271.51	long leg	$2.0M	$1.1M	25x
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.339%	$473K	$114K	10x	as long as short
tradeXYZ xyz:BE	+0.0068%	1h	271.57	+0.022%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.50	−0.004%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.58	+0.024%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.48	−0.011%	$45K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0229%	1h	271.54	+0.011%	$6K	$4K	10x	as long as short