Funding arb · Price arb /

ANIME

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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: BingX against Bybit−0.089%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1861.864% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.089%, 7d avg −0.042%

Together, before fees+0.110%+$11 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: BingX is 0.047% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANIMEUSDT	0.003365	0.0100	pay 0.0050% / 4h	29m 35s	$701K	$291K	25x
Short	BingX ANIME-USDT	0.003362	0.0100	get 0.0050% / 4h	29m 35s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.042%: −$4.69
Slippage, 4 orders: −$165.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$191.07
Costs to cover: 1.864%
Break-even: never at this rate

Slippage from Bybit: live order book, 25 min ago; BingX: live order book, 6 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, 25 min ago	2.97 bp	72.0 bp −$72	166.7 bp −$1,667	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.48 bp	20.5 bp −$21	133.4 bp −$1,334	701.9 bp −$70.2K	1123.3 bp −$561.6K

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
Hyperliquid ANIME	+0.0100%	1h	0.003365	0.000%	$292K	$100K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003364	−0.021%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003366	+0.030%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDTlong	+0.0100%	4h	0.003365	long leg	$701K	$291K	25x
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003362	−0.089%	$429K	$546K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003359	−0.178%	$140K	$63K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003366	+0.030%	$212K	$89K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003363	−0.059%	$438K	$60K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003362	−0.089%	$851K	$165K	10x	as long as short
BingX ANIME-USDTshort	+0.0100%	4h	0.003362	−0.089%	—	$6.5M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ANIME	+0.0100%	4h	0.003362	−0.077%	$11K	$553	—	as long as short
Kraken Futures PF_ANIMEUSD	+0.0240%	1h	0.003360	−0.151%	$33K	$1K	10x	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003362	−0.089%	$822	—	100x	as long as short