Funding arb · Price arb /

BB

all BB 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 0.000%

Price spread now: Bybit against Binance+0.237%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2682.684% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.237%, 7d avg +0.090%

Together, before fees−0.221%−$22 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 0.146% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BBUSDT	0.008952	0.0100	pay 0.0050% / 4h	37m 04s	$3.2M	$6.6M	50x
Short	Bybit BBUSDT	0.008973	0.0100	get 0.0050% / 4h	37m 04s	$677K	$759K	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 +0.237%Rate

Funding earned: $0
Price spread: +0.237% → +0.090%: $14.62
Slippage, 4 orders: −$247.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$253.79
Costs to cover: 2.684%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 38 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, 2 min ago	0.56 bp	34.9 bp −$35	194.7 bp −$1,947	doesn't fit	doesn't fit
Sell Bybit live order book, 38 min ago	7.15 bp	109.8 bp −$110	320.3 bp −$3,203	doesn't fit	doesn't fit

BB on 9 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_BBUSD	−0.0957%	1h	0.008945	−0.076%	$21K	$1K	10x	as long as short
Aster BBUSDT	+0.0100%	4h	0.008962	+0.108%	$12K	$13K	5x	as long as short
Binance BBUSDTlong	+0.0100%	4h	0.008952	long leg	$3.2M	$6.6M	50x
Bybit BBUSDTshort	+0.0100%	4h	0.008973	+0.237%	$677K	$759K	25x
Gate BB_USDT	+0.0100%	4h	0.008990	+0.427%	$128K	$199K	50x	as long as short
MEXC BB_USDT	+0.0100%	4h	0.008952	+0.002%	$1.5M	$582K	100x	as long as short
KuCoin BBUSDTM	+0.0100%	4h	0.008970	+0.203%	$442K	$80K	50x	as long as short
Bitget BBUSDT	+0.0100%	4h	0.008960	+0.091%	$311K	$447K	50x	as long as short
BingX BB-USDT	+0.0100%	4h	0.008962	+0.114%	—	$1.3M	—	as long as short