Funding you earn now, next payment 08:00 UTC−0.0260%/8h= −28.5% APRnext payment −$2.60 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.107%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2162.164% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.107%, 7d avg −0.165%
=The price spread pays, funding is against you. Bybit is 0.058% dearer against Binance than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.165%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.60 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 VSTUSDT | 141.22 | 0.0260 | pay 0.0260% / 8h | 12m 02s | $1.5M | $896K | 20x |
| Short | Bybit VSTUSDT | 141.07 | 0 | get 0.0000% / 8h | 12m 02s | $387K | $125K | 25x |
Binance VSTUSDT
Bybit VSTUSDTFunding 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
- −$54.62
- Price spread: −0.107% → −0.165%
- $5.78
- Slippage, 4 orders
- −$195.41
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$265.24
- Costs to cover
- 2.164%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 18 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 | 5.31 bp | 23.6 bp −$24 | 87.3 bp −$873 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 18 min ago | 8.14 bp | 33.3 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
VST 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VST_USDT | −0.0315% | 8h | 141.53 | +0.219% | $258K | $253K | 20x | as long as short |
| edgeX VSTUSDC | −0.0177% | 4h | 141.13 | −0.061% | $23K | $205K | 10x | as long as short |
| Bybit VSTUSDTshort | 0.0000% | 8h | 141.07 | −0.107% | $387K | $125K | 25x | |
| QFEX VST-USD | 0.0000% | 1h | 141.17 | −0.036% | $1.2M | $691K | 10x | as long as short |
| Bitget VSTUSDT | 0.0000% | 8h | 141.49 | +0.190% | $2.3M | $1.1M | 20x | as long as short |
| HTX VST-USDT | +0.0100% | 8h | 141.35 | +0.091% | $7K | $353K | 10x | as long as short |
| Injective VST/USDC PERP | +0.0220% | 1h | 143.19 | +1.394% | $5K | $374 | 12x | as long as short |
| Binance VSTUSDTlong | +0.0260% | 8h | 141.22 | long leg | $1.5M | $896K | 20x | |
| Paragon para:VST | +0.0919% | 1h | 141.40 | +0.126% | $2.3M | $717K | 10x | as long as short |
Gate VST_USDT
edgeX VSTUSDC
QFEX VST-USD
Bitget VSTUSDT
HTX VST-USDT
Injective VST/USDC PERP
Paragon para:VST