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

ACH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%
Price spread now: Bybit against Binance−0.043%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1921.918% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.154%−$15 on $10k
Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.043%, 7d avg +0.034%
Together, before fees−0.055%−$5 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: Bybit is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ACHUSDT0.0059060.0100pay 0.0100% / 8h7h 43m$1.5M$2.5M50x
ShortBybit ACHUSDT0.0059030.0100get 0.0050% / 4h3h 43m$709K$361K25x

Funding 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 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: −0.043% → +0.034%
−$7.68
Slippage, 4 orders
−$170.84
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$199.52
Costs to cover
1.918%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 26 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 Binance live order book, 6 min ago0.85 bp22.6 bp −$23103.8 bp −$1,038doesn't fitdoesn't fit
Sell Bybit live order book, 26 min ago4.24 bp74.1 bp −$74332.4 bp −$3,324doesn't fitdoesn't fit

ACH 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
Binance ACHUSDTlong+0.0100%8h0.005906long leg$1.5M$2.5M50x
Bybit ACHUSDTshort+0.0100%4h0.005903−0.043%$709K$361K25x
OKX ACH-USDT-SWAP+0.0100%4h0.005902−0.060%$333K$499K10xas long as short
Gate ACH_USDT+0.0100%8h0.005895−0.178%$139K$58K50xas long as short
MEXC ACH_USDT+0.0100%8h0.005906+0.008%$884K$319K125xas long as short
KuCoin ACHUSDTM+0.0100%8h0.005899−0.111%$183K$19K30xas long as short
Bitget ACHUSDT+0.0100%8h0.005900−0.094%$759K$383K50xas long as short
BingX ACH-USDT+0.0100%8h0.005900−0.094%$1.3Mas long as short
Variational Omni ACH+0.0100%4h0.005899−0.118%$8K$419as long as short
BloFin ACH-USDT+0.0112%8h0.005900−0.094%$87K$14K20xas long as short