Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bybit−0.061%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2082.085% of the position
Funding, last 7 days+0.449%+$45 on $10k
+Price spread, last 2 days (all we have)−0.705%−$70 · spread now −0.061%, 7d avg −0.049%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BNCUSDT | 6.5920 | 0 | get 0.0000% / 8h | 3h 30m | $600K | $2.4M | 25x |
| Short | Binance BNCUSDT | 6.5880 | 0 | get 0.0000% / 8h | 3h 30m | $15.4M | $36.5M | 10x |
Bybit BNCUSDT
Binance BNCUSDTFunding 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: −0.061% → −0.049%
- −$1.13
- Slippage, 4 orders
- −$187.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$209.59
- Costs to cover
- 2.085%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago | 3.04 bp | 53.4 bp −$53 | 2412.3 bp −$24.1K | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.52 bp | 23.2 bp −$23 | 74.5 bp −$745 | 437.9 bp −$43.8K | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BNCUSD1 | 0.0000% | 8h | 6.5885 | −0.053% | $189K | $23K | 10x | as long as short |
| Binance BNCUSDTshort | 0.0000% | 8h | 6.5880 | −0.061% | $15.4M | $36.5M | 10x | |
| Bybit BNCUSDTlong | 0.0000% | 8h | 6.5920 | long leg | $600K | $2.4M | 25x | |
| Bitget BNCUSDT | 0.0000% | 8h | 6.5950 | +0.046% | $1.2M | $4.3M | 5x | as long as short |
| Variational Omni BNC | 0.0000% | 8h | 6.5899 | −0.032% | $111K | $52K | — | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.5875 | −0.068% | $10K | $74K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.5820 | −0.152% | $14K | $32K | 10x | as long as short |
| QFEX BNC-USD | +0.0010% | 1h | 6.5900 | −0.030% | $33K | $30K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.5920 | 0.000% | $59K | $3.0M | 20x | as long as short |
Aster BNCUSD1
Bitget BNCUSDT
Variational Omni BNC
Bullet BNC-USD
HTX BNC-USDT
QFEX BNC-USD
KuCoin BNCUSDTM