Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

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 −0.019%

Price spread now: Bybit against Binance−0.064%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2182.178% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.064%, 7d avg +0.031%

Together, before fees+0.116%+$12 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 0.095% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ANIMEUSDT	0.003362	0.0100	pay 0.0050% / 4h	2h 08m	$1.3M	$1.8M	20x
Short	Bybit ANIMEUSDT	0.003360	0.0100	get 0.0050% / 4h	2h 08m	$702K	$292K	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 −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.031%: −$9.48
Slippage, 4 orders: −$196.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$227.29
Costs to cover: 2.178%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 56 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, 10 min ago	1.49 bp	41.7 bp −$42	386.4 bp −$3,864	doesn't fit	doesn't fit
Sell Bybit live order book, 56 min ago	2.96 bp	73.1 bp −$73	186.2 bp −$1,862	doesn't fit	doesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD	−0.0687%	1h	0.003356	−0.169%	$33K	$1K	10x	as long as short
KuCoin ANIMEUSDTM	+0.0076%	4h	0.003359	−0.094%	$433K	$61K	20x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003357	−0.153%	$293K	$108K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003359	−0.088%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTlong	+0.0100%	4h	0.003362	long leg	$1.3M	$1.8M	20x
Bybit ANIMEUSDTshort	+0.0100%	4h	0.003360	−0.064%	$702K	$292K	25x
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003360	−0.064%	$432K	$559K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003351	−0.332%	$141K	$73K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003359	−0.094%	$211K	$90K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003360	−0.064%	$850K	$173K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003357	−0.153%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003359	−0.081%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003355	−0.213%	$820	—	100x	as long as short