Funding arb · Price arb /

GAS

all GAS 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 0.000%

Price spread now: Bybit against Binance+0.040%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1051.054% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.040%, 7d avg +0.083%

Together, before fees+0.032%+$3 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 0.042% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GASUSDT	1.4059	0.0100	pay 0.0050% / 4h	2h 07m	$1.5M	$1.7M	50x
Short	Bybit GASUSDT	1.4065	0.0100	get 0.0050% / 4h	2h 07m	$843K	$304K	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 +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.083%: −$4.24
Slippage, 4 orders: −$84.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$109.64
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 58 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, 11 min ago	3.55 bp	18.5 bp −$19	111.7 bp −$1,117	doesn't fit	doesn't fit
Sell Bybit live order book, 58 min ago	1.76 bp	30.0 bp −$30	232.4 bp −$2,324	doesn't fit	doesn't fit

GAS 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
Hyperliquid GAS	+0.0100%	1h	1.4061	+0.012%	$106K	$58K	3x	as long as short
Binance GASUSDTlong	+0.0100%	4h	1.4059	long leg	$1.5M	$1.7M	50x
Bybit GASUSDTshort	+0.0100%	4h	1.4065	+0.040%	$843K	$304K	25x
OKX GAS-USDT-SWAP	+0.0100%	4h	1.4036	−0.166%	$379K	$271K	20x	as long as short
Gate GAS_USDT	+0.0100%	4h	1.4050	−0.066%	$110K	$71K	25x	as long as short
MEXC GAS_USDT	+0.0100%	4h	1.4050	−0.066%	$875K	$136K	50x	as long as short
KuCoin GASUSDTM	+0.0100%	4h	1.4048	−0.081%	$183K	$15K	30x	as long as short
Bitget GASUSDT	+0.0100%	4h	1.4060	+0.005%	$396K	$292K	50x	as long as short
BingX GAS-USDT	+0.0100%	4h	1.4040	−0.138%	—	$2.3M	—	as long as short
Variational Omni GAS	+0.0100%	4h	1.4056	−0.023%	$5K	$2	—	as long as short