Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against Bybit+0.234%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1171.165% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.234%, 7d avg +0.170%

Together, before fees−0.091%−$9 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 0.064% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005555	0.0100	pay 0.0050% / 4h	9m 52s	$4.4M	$2.3M	25x
Short	Binance ATHUSDT	0.005568	0.0100	get 0.0050% / 4h	9m 52s	$3.4M	$3.8M	50x

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 +0.234%Rate

Funding earned: $0
Price spread: +0.234% → +0.170%: $6.36
Slippage, 4 orders: −$95.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.18
Costs to cover: 1.165%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago	4.51 bp	29.9 bp −$30	155.0 bp −$1,550	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.90 bp	27.6 bp −$28	79.8 bp −$798	doesn't fit	doesn't fit

ATH 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_ATHUSD	−0.3570%	1h	0.005561	+0.109%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0016%	4h	0.005535	−0.356%	$186K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005559	+0.073%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0077%	4h	0.005555	0.000%	$704K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005568	+0.239%	$4K	$38K	5x	as long as short
Binance ATHUSDTshort	+0.0100%	4h	0.005568	+0.234%	$3.4M	$3.8M	50x
Bybit ATHUSDTlong	+0.0100%	4h	0.005555	long leg	$4.4M	$2.3M	25x
Gate ATH_USDT	+0.0100%	4h	0.005561	+0.108%	$793K	$520K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005572	+0.306%	$9.0M	$588K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005562	+0.126%	$568K	$78K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005567	+0.216%	$1.6M	$812K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005559	+0.072%	—	$21.3M	—	as long as short
BloFin ATH-USDT	+0.0125%	4h	0.005559	+0.072%	$171K	$68K	75x	as long as short