Funding arb · Price arb /

CYS

all CYS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.045%

Price spread now: Binance against Bitget+0.027%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.027%, 7d avg −0.018%

Together, before fees+0.020%+$2 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 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CYSUSDT	0.1610	0.0100	pay 0.0050% / 4h	2h 44m	$1.7M	$721K	25x
Short	Binance CYSUSDT	0.1610	0.0100	get 0.0050% / 4h	2h 44m	$4.3M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.018%: $4.56
Slippage, 4 orders: −$104.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$121.6
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 8 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 Bitget live order book, 3 min ago	7.44 bp	33.5 bp −$34	168.7 bp −$1,687	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.11 bp	33.0 bp −$33	144.8 bp −$1,448	doesn't fit	doesn't fit

CYS 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
Aster CYSUSDT	+0.0100%	4h	0.1608	−0.124%	$256K	$88K	10x	as long as short
Binance CYSUSDTshort	+0.0100%	4h	0.1610	+0.027%	$4.3M	$4.8M	20x
MEXC CYS_USDT	+0.0100%	4h	0.1610	0.000%	$1.5M	$225K	50x	as long as short
KuCoin CYSUSDTM	+0.0100%	4h	0.1609	−0.062%	$1.3M	$148K	20x	as long as short
Bitget CYSUSDTlong	+0.0100%	4h	0.1610	long leg	$1.7M	$721K	25x
BingX CYS-USDT	+0.0100%	4h	0.1610	0.000%	—	$1.3M	—	as long as short
Variational Omni CYS	+0.0100%	4h	0.1613	+0.200%	$34K	$13K	—	as long as short
edgeX CYSUSDC	+0.0103%	4h	0.1615	+0.287%	$7K	$110K	10x	as long as short
Bybit CYSUSDT	+0.0200%	4h	0.1611	+0.062%	$1.5M	$1.1M	13x	as long as short
Gate CYS_USDT	+0.0780%	4h	0.1612	+0.124%	$629K	$117K	20x	as long as short