Funding arb · Price arb /

CC

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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−0.370%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.458%+$46 · spread now −0.370%, 7d avg +0.054%

Together, before fees+0.392%+$39 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 0.424% cheaper against Binance than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CCUSDT	0.1175	0.0100	pay 0.0050% / 4h	3h 29m	$11.3M	$10.1M	75x
Short	Bybit CCUSDT	0.1170	0.0100	get 0.0050% / 4h	3h 29m	$10.4M	$3.4M	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 −0.370%Rate

Funding earned: $0
Price spread: −0.370% → +0.054%: −$42.4
Slippage, 4 orders: −$76.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$140.07
Costs to cover: 0.977%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 4 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, 1 min ago	2.12 bp	21.8 bp −$22	75.4 bp −$754	512.8 bp −$51.3K	doesn't fit
Sell Bybit live order book, 4 min ago	1.70 bp	30.4 bp −$30	305.1 bp −$3,051	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3588%	1h	0.1166	−0.736%	$6K	$99	5.5x	as long as short
Paradex CC-USD-PERP	+0.0099%	8h	0.1176	+0.155%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1180	+0.492%	$36K	$38K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1175	long leg	$11.3M	$10.1M	75x
Bybit CCUSDTshort	+0.0100%	4h	0.1170	−0.370%	$10.4M	$3.4M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1171	−0.285%	$2.5M	$3.3M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1175	+0.055%	$369K	$208K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1180	+0.430%	$1.7M	$291K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1180	+0.439%	$494K	$108K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1175	+0.055%	$994K	$712K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1175	+0.064%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1177	+0.216%	$587K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1180	+0.479%	$81K	$2.1M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1178	+0.288%	$7K	$31K	6.7x	as long as short
Backpack CC_USDC_PERP	+0.0175%	1h	0.1179	+0.413%	$18K	$20K	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1180	+0.456%	$593K	$102K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0443% / S −0.0239%	1h	0.1179	+0.370%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0611%	1h	0.1184	+0.762%	$5.5M	$1.2M	3x	as long as short
Lighter CC	+0.1704%	1h	0.1184	+0.805%	$236K	$159K	5x	as long as short