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 0.000%

Price spread now: Binance against Bitget−0.178%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1351.350% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.178%, 7d avg +0.039%

Together, before fees+0.171%+$17 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 0.218% cheaper against Bitget than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ANIMEUSDT	0.003366	0.0100	pay 0.0050% / 4h	2h 09m	$852K	$173K	10x
Short	Binance ANIMEUSDT	0.003360	0.0100	get 0.0050% / 4h	2h 09m	$1.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → +0.039%: −$21.76
Slippage, 4 orders: −$113.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$156.8
Costs to cover: 1.350%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; Binance: live order book, 9 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 Bitget live order book, 56 min ago	5.93 bp	30.3 bp −$30	352.4 bp −$3,524	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.49 bp	33.2 bp −$33	175.1 bp −$1,751	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	−0.0685%	1h	0.003362	−0.117%	$33K	$1K	10x	as long as short
KuCoin ANIMEUSDTM	+0.0092%	4h	0.003359	−0.208%	$433K	$61K	20x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003359	−0.208%	$293K	$111K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003366	−0.007%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTshort	+0.0100%	4h	0.003360	−0.178%	$1.3M	$1.8M	20x
Bybit ANIMEUSDT	+0.0100%	4h	0.003361	−0.149%	$702K	$306K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003358	−0.238%	$432K	$573K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003358	−0.238%	$141K	$73K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003360	−0.178%	$212K	$90K	20x	as long as short
Bitget ANIMEUSDTlong	+0.0100%	4h	0.003366	long leg	$852K	$173K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003361	−0.149%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003359	−0.196%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003362	−0.119%	$821	—	100x	as long as short