Funding arb · Price arb /

CYBER

all CYBER 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 +0.021%

Price spread now: Bybit against Binance+0.060%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1981.982% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.060%, 7d avg +0.032%

Together, before fees−0.164%−$16 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 0.028% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CYBERUSDT	0.3317	0.0100	pay 0.0050% / 4h	2h 08m	$1.7M	$2.6M	50x
Short	Bybit CYBERUSDT	0.3319	0.0100	get 0.0050% / 4h	2h 08m	$973K	$558K	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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.032%: $2.79
Slippage, 4 orders: −$177.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$195.45
Costs to cover: 1.982%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 57 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, 12 min ago	1.50 bp	26.9 bp −$27	170.1 bp −$1,701	doesn't fit	doesn't fit
Sell Bybit live order book, 57 min ago	8.92 bp	79.4 bp −$79	doesn't fit	doesn't fit	doesn't fit

CYBER on 10 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_CYBERUSD	+0.0072%	1h	0.3312	−0.142%	$10K	$4K	10x	as long as short
Aster CYBERUSDT	+0.0100%	4h	0.3316	−0.022%	$14K	$4K	5x	as long as short
Binance CYBERUSDTlong	+0.0100%	4h	0.3317	long leg	$1.7M	$2.6M	50x
Bybit CYBERUSDTshort	+0.0100%	4h	0.3319	+0.060%	$973K	$558K	25x
Gate CYBER_USDT	+0.0100%	8h	0.3317	0.000%	$143K	$301K	40x	as long as short
MEXC CYBER_USDT	+0.0100%	4h	0.3315	−0.060%	$291K	$83K	50x	as long as short
KuCoin CYBERUSDTM	+0.0100%	4h	0.3318	+0.030%	$479K	$99K	30x	as long as short
Bitget CYBERUSDT	+0.0100%	4h	0.3316	−0.030%	$278K	$290K	50x	as long as short
BingX CYBER-USDT	+0.0100%	4h	0.3316	−0.030%	—	$2.3M	—	as long as short
Variational Omni CYBER	+0.0100%	4h	0.3327	+0.314%	$470	$72	—	as long as short