Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2682%/8h= +293.7% APRpaid last 24h +1.402%

Price spread now: Bybit against Binance+0.137%7-day average +0.519% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.352%+$35 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.137%, 7d avg +0.519%

Together, before fees+0.282%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.382% cheaper against Binance than usual: you would sell low and buy high (spread +0.137% now, against its 7-day average of +0.519%). If the spread goes back, that is −$38 on $10k: about 11 hours of funding at the current rate (+$80 a day). At the pace of the last 7 days (+0.352% in total) that is about 7.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.352% in total (about 18.3% a year). A funding rate is set anew for every payment. 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 AKEUSDT	0.05402	0.0282	pay 0.0141% / 4h	1h 41m	$27.4M	$509.0M	10x
Short	Bybit AKEUSDT	0.05409	0.2964	get 0.0371% / 1h	41m 16s	$17.6M	$183.9M	25x

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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.137%Rate

Funding earned: $563.29
Price spread: +0.137% → +0.519%: −$38.22
Slippage, 4 orders: −$48.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $455.2
Costs to cover: 0.699%
Break-even: 1.3 days

Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.09 bp	12.3 bp −$12	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.09 bp	22.7 bp −$23	78.4 bp −$784	doesn't fit	doesn't fit

AKE on 14 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
Aster AKEUSDT	+0.0100%	1h	0.05404	+0.055%	$613K	$3.8M	5x	as long as short
SunX AKE-USDT	+0.0100%	1h	0.05438	+0.679%	—	$692K	10x	as long as short
HTX AKE-USDT	+0.0100%	1h	0.05400	−0.027%	$162K	$1.8M	10x	as long as short
Bitget AKEUSDT	+0.0128%	1h	0.05403	+0.029%	$2.0M	$47.4M	10x	as long as short
KuCoin AKEUSDTM	+0.0202%	4h	0.05398	−0.062%	$7.8M	$44.9M	10x	as long as short
Extended AKE-USD	+0.0280%	1h	0.05405	+0.067%	$74K	$441K	5x	as long as short
MEXC AKE_USDT	+0.0280%	4h	0.05402	+0.019%	$13.2M	$36.4M	20x	as long as short
Binance AKEUSDTlong	+0.0282%	4h	0.05402	long leg	$27.4M	$509.0M	10x
edgeX 1000AKEUSDC	+0.0313%	4h	0.05457	+1.029%	$239K	$1.3M	5x	as long as short
Gate AKE_USDT	+0.0854%	4h	0.05425	+0.426%	$5.7M	$84.9M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDT	+0.0918%	4h	0.05405	+0.056%	—	$10.6M	—	as long as short
OKX AKE-USDT-SWAP	+0.0967%	4h	0.05409	+0.139%	$4.8M	$455.1M	20x	as long as short
Variational Omni AKE	+0.2923%	1h	0.05553	+2.801%	$157K	$838K	—	as long as short
Bybit AKEUSDTshort	+0.2964%	1h	0.05409	+0.137%	$17.6M	$183.9M	25x