Funding you earn now, next payment 00:00 UTC−0.0299%/8h= −32.7% APRnext payment −$2.99 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against Binance−0.010%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$337as in the Price arb table
costs, in and out, $10k−$3433.431% of the position
Funding, last 22 hours (all we have)+0.009%+$1 on $10k
+Price spread, last 12 hours (all we have)−0.177%−$18 · spread now −0.010%, 7d avg −0.071%
=The price spread pays, funding is against you. Bybit is 0.061% dearer against Binance than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.071%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 22 hours it paid 0.009% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.99 per $10,000. 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 PATHUSDT | 13.681 | 0.0299 | pay 0.0299% / 8h | 2h 24m | $65K | $205K | 20x |
| Short | Bybit PATHUSDT | 13.680 | 0 | get 0.0000% / 8h | 2h 24m | $57K | $121K | 25x |
Binance PATHUSDT
Bybit PATHUSDTFunding 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
- −$62.7
- Price spread: −0.010% → −0.071%
- $6.14
- Slippage, 4 orders
- −$322.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$399.68
- Costs to cover
- 3.431%
- Break-even
- never at this rate
Slippage from Binance: live order book, 51 min ago; Bybit: live order book, 58 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, 51 min ago | 7.30 bp | 54.4 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 58 min ago | 32.86 bp | 95.8 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
PATH 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 PATHUSDTshort | 0.0000% | 8h | 13.680 | −0.010% | $57K | $121K | 25x | |
| Gate PATH_USDT | 0.0000% | 8h | 13.659 | −0.163% | $6K | $8K | 20x | as long as short |
| Bitget PATHUSDT | 0.0000% | 8h | 13.645 | −0.266% | $22K | $36K | 20x | as long as short |
| SunX PATH-USDT | 0.0000% | 8h | 13.670 | −0.083% | — | $1.8M | 10x | as long as short |
| HTX PATH-USDT | 0.0000% | 8h | 13.680 | −0.010% | $2K | $283K | 20x | as long as short |
| Phemex PATHUSDT | 0.0000% | 8h | 13.680 | −0.010% | $10K | $17K | 10x | as long as short |
| Binance PATHUSDTlong | +0.0299% | 8h | 13.681 | long leg | $65K | $205K | 20x |
Gate PATH_USDT
Bitget PATHUSDT
SunX PATH-USDT
HTX PATH-USDT
Phemex PATHUSDT