Funding arb · Price arb /

AKE

all AKE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.2103%/8h= −230.3% APRpaid last 24h −1.035%

Price spread now: Binance against Bybit+0.240%7-day average −0.519% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.495%−$50 on $10k

Price spread, last 7 days−0.298%−$30 · spread now +0.240%, 7d avg −0.519%

Together, before fees−0.794%−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.759% dearer against Bybit than usual: you sell high and buy low (spread +0.240% now, against its 7-day average of −0.519%): +$76 on $10k if it goes back. Holding the pair costs −$63 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.495% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.495% in total (about -25.8% 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	Bybit AKEUSDT	0.05885	0.2486	pay 0.0311% / 1h	33m 34s	$18.8M	$182.3M	25x
Short	Binance AKEUSDT	0.05899	0.0382	get 0.0191% / 4h	2h 33m	$29.9M	$502.4M	10x

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

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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 BybitbpFee BinancebpOrdersPrice spread, now +0.240%Rate

Funding earned: −$441.7
Price spread: +0.240% → −0.519%: $75.9
Slippage, 4 orders: −$59.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$446.56
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 10 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 Bybit live order book, 6 min ago	0.09 bp	29.6 bp −$30	102.6 bp −$1,026	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.09 bp	13.1 bp −$13	62.0 bp −$620	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	0.05893	+0.143%	$702K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05911	+0.444%	—	$710K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05835	−0.855%	$174K	$1.8M	10x	as long as short
Bitget AKEUSDT	+0.0296%	1h	0.05890	+0.082%	$2.2M	$45.9M	10x	as long as short
edgeX 1000AKEUSDC	+0.0353%	4h	0.05841	−0.745%	$255K	$1.3M	5x	as long as short
Extended AKE-USD	+0.0360%	1h	0.05893	+0.131%	$80K	$287K	5x	as long as short
MEXC AKE_USDT	+0.0362%	4h	0.05889	+0.073%	$15.4M	$35.7M	20x	as long as short
Binance AKEUSDTshort	+0.0382%	4h	0.05899	+0.240%	$29.9M	$502.4M	10x
KuCoin AKEUSDTM	+0.0620%	4h	0.05881	−0.067%	$8.5M	$44.1M	10x	as long as short
Gate AKE_USDT	+0.0752%	4h	0.05888	+0.052%	$5.9M	$82.2M	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	+0.1380%	4h	0.05891	+0.109%	—	$10.7M	—	as long as short
OKX AKE-USDT-SWAP	+0.1408%	4h	0.05880	−0.082%	$5.3M	$487.8M	20x	as long as short
Variational Omni AKE	+0.2278%	1h	0.05826	−0.994%	$168K	$705K	—	as long as short
Bybit AKEUSDTlong	+0.2486%	1h	0.05885	long leg	$18.8M	$182.3M	25x