Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

DATA

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BinanceDATAIPUSDT
0.2107+0.0648pay 0.0324% / 4h1h 43m$3.9M$2.8M20xLong Binance
SHORT
BybitDATAUSDT
0.2103+0.0100get 0.0050% / 4h1h 43m$1.7M$531K20xShort Bybit
Price gap−0.195%
Funding gap−0.0548% /8h

Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.061% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$34−0.0548% /8h now · paid −0.341% over the last 7D
Price−$6spread −0.195% now, avg −0.133% → −0.061% if it goes back
Costs−$1111.111% of $10k · taker + slippage, in and out
Result−$151−1.51%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.341% in total, about −0.0162%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.195%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

DATA on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size19.3 / 35.4 bp
    At $10k entering Bybit costs 35.4 bp, fee and slippage, 1.8× Binance’s.
  • Note: Margin at max leverage$500 + $500
    Binance 20x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$16.44Long Binance: 6 payments, −$19.44; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.195% vs −0.133%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Short leg is thinner$1.7M vs $3.9M OI
    Both legs are deep; Bybit is the smaller one.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Yes · Bybit Yes
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0162%/8h × 21 periods−$34.09
Price spread−0.195% → −0.133% (7d avg)−$6.14
Slippage, 4 orderslive order books−$90.09
Fee Binance bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$151.32
Costs to cover1.111%Break-evennever at this rate
Slippage: Binance: live order book, 9 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance2.3719.3 bp−$1966.3 bp−$663doesn’t fitdoesn’t fit
SELL · SHORTBybit2.3735.4 bp−$35255.1 bp−$2,551doesn’t fitdoesn’t fit

Closing costs about the same again.

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