Settings8H · net · $10k
Funding arb · Price arb /

A

all A markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.054%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1511.515% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 7 days+0.004%$0 · spread now +0.054%, 7d avg +0.079%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AUSDT0.093210.0100pay 0.0050% / 4h2h 33m$3.2M$1.0M50x
ShortBinance AUSDT0.093260.0100get 0.0050% / 4h2h 33m$2.9M$3.3M75x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.054% → +0.079%
−$2.56
Slippage, 4 orders
−$130.48
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$154.04
Costs to cover
1.515%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago3.76 bp55.1 bp −$551374.3 bp −$13.7Kdoesn't fitdoesn't fit
Sell Binance live order book, 3 min ago3.21 bp28.2 bp −$28106.2 bp −$1,062doesn't fitdoesn't fit

A on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective A/USDC PERP+0.0033%1h0.08945−4.034%$1K$55.5xas long as short
Binance AUSDTshort+0.0100%4h0.09326+0.054%$2.9M$3.3M75x
Bybit AUSDTlong+0.0100%4h0.09321long leg$3.2M$1.0M50x
OKX A-USDT-SWAP+0.0100%4h0.09334+0.139%$728K$530K10xas long as short
Gate A_USDT+0.0100%4h0.09334+0.139%$218K$68K50xas long as short
MEXC A_USDT+0.0100%4h0.09330+0.097%$4.0M$141K100xas long as short
KuCoin AUSDTM+0.0100%4h0.09347+0.279%$685K$53K75xas long as short
Bitget AUSDT+0.0100%4h0.09341+0.215%$919K$246K75xas long as short
BingX A-USDT+0.0100%4h0.09340+0.204%$6.5Mas long as short
Variational Omni A+0.0100%4h0.09329+0.081%$1K$1as long as short