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: Binance against Bybit−0.010%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2122.117% 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)−0.045%−$5 · spread now −0.010%, 7d avg −0.034%
Together, before fees+0.108%+$11 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 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ACHUSDT0.0058420.0100pay 0.0050% / 4h2h 54m$698K$351K25x
ShortBinance ACHUSDT0.0058410.0100get 0.0100% / 8h6h 54m$1.5M$2.5M50x

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: −0.010% → −0.034%
$2.33
Slippage, 4 orders
−$190.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$209.41
Costs to cover
2.117%
Break-even
never at this rate
Slippage from Bybit: live order book, 10 min ago; Binance: live order book, 11 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, 10 min ago5.07 bp74.1 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 11 min ago1.69 bp28.2 bp −$2893.6 bp −$936doesn'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 ACHUSDTshort+0.0100%8h0.005841−0.010%$1.5M$2.5M50x
Bybit ACHUSDTlong+0.0100%4h0.005842long leg$698K$351K25x
OKX ACH-USDT-SWAP+0.0100%4h0.005838−0.068%$336K$490K10xas long as short
Gate ACH_USDT+0.0100%8h0.005838−0.068%$138K$58K50xas long as short
MEXC ACH_USDT+0.0100%8h0.005848+0.103%$871K$320K125xas long as short
KuCoin ACHUSDTM+0.0100%8h0.0058420.000%$269K$49K30xas long as short
Bitget ACHUSDT+0.0100%8h0.005845+0.051%$762K$384K50xas long as short
BingX ACH-USDT+0.0100%8h0.005843+0.017%$1.3Mas long as short
Variational Omni ACH+0.0100%4h0.005842+0.002%$8K$420as long as short
BloFin ACH-USDT+0.0114%8h0.005840−0.034%$87K$13K20xas long as short