Funding arb · Price arb / Crypto

4

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LONGBinance▾Binance +0.0100%

⇄⇅

SHORTBybit▾Bybit −0.0793%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Binance4USDT	0.009470	+0.0100	pay 0.0050% / 4h	2h 10m	$3.5M	$3.8M	20x	Long Binance
SHORT	Bybit4USDT	0.009451	−0.0793	pay 0.0396% / 4h	2h 10m	$1.0M	$414K	5x	Short Bybit

Price gap−0.200%

Funding gap−0.0893% /8h

Both sides work against this direction now: funding costs $27 a day on $10k and the gap is 0.108% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.409% in total, about +0.0195%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.200%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BinanceBybit

4 on 9 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• !
  Watch: Thin at this size50.3 / 212.9 bp

  At $10k entering Bybit costs 212.9 bp, fee and slippage, 4.2× Binance’s.
• i
  Note: Margin at max leverage$500 + $2,000

  Binance 20x, Bybit 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval4h / 4h

  Both legs pay at the same time.

  Long Binance · 4h−$3.00

  Short Bybit · 4h−$23.79

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$26.79Long Binance: 6 payments, −$3.00; short Bybit: 6 payments, −$23.79.
• !
  Watch: Gap narrower than usual−0.200% vs −0.092%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• i
  Note: Short leg is thinner$1.0M vs $3.5M OI

  Both legs are deep; Bybit is the smaller one.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBinance Yes · Bybit Yes

  Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0195%/8h × 21 periods+$40.94

Price spread−0.200% → −0.092% (7d avg)−$10.82

Slippage, 4 orderslive order books−$571.18

Fee Binance bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$562.06

Costs to cover5.922%Break-even103.1 days

Slippage: Binance: live order book, 15 min ago; Bybit: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBinance1.0650.3 bp−$50394.6 bp−$3,946doesn’t fitdoesn’t fit

SELL · SHORTBybit6.88212.9 bp−$213doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

4 news

posts that mention 4, from every exchange

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11-05 20:18	Polymarket Perps	Contest	#5 in the $50K Trading Competition with just one trade. Yesterday, trader fengshengshuiqi88 built a $146.3K $ANT short. Less than 19 hours later, he closed it with $4,463 in net profit. The 3× volume boost on $ANT speaks for itself. @Poly_Perps on X ↗
11-05 16:25	BingX	Other	Gold is up two days in a row. It's back above $4,100 as the US dollar weakens and bond yields ease. When those two drop, gold usually gets a lift. Are you holding any gold right now? @BingXOfficial on X ↗
11-05 10:20	Kalshi	Other	JUST IN: Micron pauses $4.5 billion Taiwan chip plant @Kalshi on X ↗
11-05 07:20	Kalshi	Other	BREAKING: Abdul El-Sayed says Trump is right on ending $4 billion aid to Israel @Kalshi on X ↗
11-04 06:12	BingX	Other	#BingXBuzz 🚨 🐳 @tether holds about 150,000 $BTC, some 50,000 more than its Q3 reserve report shows 🇨🇦 @scotiabank enters crypto ETFs via a @3iq_corp multi-coin fund, fee cut to 0.25% until 2027 📊 US job openings jump to 7.52M in September, topping the 7.15M forecast, fueling hike bets 🥇 Spot gold rises 0.5% to $3,947 an ounce, eyeing $4,000 resistance after a one-year low @BingXOfficial on X ↗
11-03 21:00	Vest Markets	Contest	November $100K Trading Competition Leaderboard, Day 3. → Emerald ($50K): 1st at +$15,238, $4,289 ahead of 2nd → Platinum ($25K): 1st at +$3,299, $412 ahead of 2nd 27 days left, with new leaders in both divisions since Day 2! @VestExchange on X ↗