Funding you earn now, next payment 00:00 UTC−0.0808%/8h= −88.5% APRnext payment −$8.08 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against Binance+0.112%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$890.894% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 2 days (all we have)−0.064%−$6 · spread now +0.112%, 7d avg +0.047%
=The price spread pays, funding is against you. Bybit is 0.064% dearer against Binance than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.047%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.077% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.08 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 WMTUSDT | 107.51 | 0.0808 | pay 0.0808% / 8h | 19m 13s | $1.6M | $1.1M | 20x |
| Short | Bybit WMTUSDT | 107.63 | 0 | get 0.0000% / 8h | 19m 13s | $118K | $12K | 50x |
Binance WMTUSDT
Bybit WMTUSDTFunding 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
- −$169.76
- Price spread: +0.112% → +0.047%
- $6.42
- Slippage, 4 orders
- −$68.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$252.74
- Costs to cover
- 0.894%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 40 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, 14 min ago | 0.47 bp | 13.1 bp −$13 | 46.1 bp −$461 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 40 min ago | 10.22 bp | 31.3 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
WMT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WMTUSDC | −0.0154% | 4h | 107.49 | −0.020% | $15K | $255K | 10x | as long as short |
| Aster WMTUSDT | 0.0000% | 8h | 107.32 | −0.177% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDTshort | 0.0000% | 8h | 107.63 | +0.112% | $118K | $12K | 50x | |
| Gate WMT_USDT | 0.0000% | 8h | 107.48 | −0.028% | $814K | $20K | 25x | as long as short |
| Bitget WMTUSDT | 0.0000% | 8h | 107.52 | +0.009% | $540K | $123K | 50x | as long as short |
| HTX WMT-USDT | 0.0000% | 8h | 107.59 | +0.074% | $5K | $348K | 20x | as long as short |
| QFEX WMT-USD | +0.0029% | 1h | 107.51 | 0.000% | $1.1M | $2.8M | 10x | as long as short |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.642% | $3K | $26K | 12x | as long as short |
| OKX WMT-USDT-SWAP | +0.0093% | 8h | 107.58 | +0.065% | $82K | $34K | 20x | as long as short |
| KuCoin WMTUSDTM | +0.0100% | 8h | 107.55 | +0.037% | $33K | $825K | 20x | as long as short |
edgeX WMTUSDC
Aster WMTUSDT
Gate WMT_USDT
Bitget WMTUSDT
HTX WMT-USDT
QFEX WMT-USD
Injective WMT/USDC PERP
OKX WMT-USDT-SWAP
KuCoin WMTUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX WMT-USDT | +0.0100% | 8h | 107.51 | 0.000% | $2K | $3.0M | 10x | as long as short |
| Variational Omni WMT | +0.0583% | 8h | 107.51 | −0.004% | $61K | $79K | — | as long as short |
| Extended WMT-USD | +0.0808% | 1h | 107.49 | −0.018% | $23K | $115K | 10x | as long as short |
| Binance WMTUSDTlong | +0.0808% | 8h | 107.51 | long leg | $1.6M | $1.1M | 20x | |
| GRVT WMT_USDT_Perp | +0.0931% | 8h | 107.54 | +0.029% | $302 | $128K | 10x | as long as short |
SunX WMT-USDT
Variational Omni WMT
Extended WMT-USD
GRVT WMT_USDT_Perp