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: Binance against Bybit+0.004%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$2012.006% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.004%, 7d avg −0.033%

Together, before fees−0.054%−$5 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 0.037% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANIMEUSDT	0.003370	0.0100	pay 0.0050% / 4h	3h 40m	$706K	$308K	25x
Short	Binance ANIMEUSDT	0.003370	0.0100	get 0.0050% / 4h	3h 40m	$1.3M	$1.8M	20x

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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.033%: $3.7
Slippage, 4 orders: −$179.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$196.93
Costs to cover: 2.006%
Break-even: never at this rate

Slippage from Bybit: live order book, 29 min ago; Binance: live order book, 8 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, 29 min ago	4.47 bp	66.3 bp −$66	186.2 bp −$1,862	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.48 bp	29.7 bp −$30	160.9 bp −$1,609	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	−0.0610%	1h	0.003371	+0.033%	$33K	$1K	10x	as long as short
KuCoin ANIMEUSDTM	+0.0098%	4h	0.003369	−0.030%	$436K	$59K	20x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003370	0.000%	$294K	$112K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003372	+0.052%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTshort	+0.0100%	4h	0.003370	+0.004%	$1.3M	$1.8M	20x
Bybit ANIMEUSDTlong	+0.0100%	4h	0.003370	long leg	$706K	$308K	25x
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003367	−0.089%	$435K	$556K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003364	−0.178%	$143K	$73K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003369	−0.030%	$219K	$89K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003371	+0.030%	$855K	$175K	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	0.003370	0.000%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003370	+0.014%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003368	−0.059%	$823	—	100x	as long as short