Funding arb · Price arb /

GAS

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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: Binance against Bybit−0.057%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

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

Long on Bybit Short on Binance

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)−0.010%−$1 · spread now −0.057%, 7d avg −0.083%

Together, before fees−0.015%−$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 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 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	Bybit GASUSDT	1.4068	0.0100	pay 0.0050% / 4h	2h 05m	$843K	$304K	25x
Short	Binance GASUSDT	1.4060	0.0100	get 0.0050% / 4h	2h 05m	$1.5M	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.083%: $2.58
Slippage, 4 orders: −$84.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.83
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Bybit: live order book, 60 min ago; Binance: live order book, 13 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 Bybit live order book, 60 min ago	1.76 bp	29.0 bp −$29	349.7 bp −$3,497	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.55 bp	27.8 bp −$28	93.9 bp −$939	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	1.4069	+0.007%	$106K	$58K	3x	as long as short
Binance GASUSDTshort	+0.0100%	4h	1.4060	−0.057%	$1.5M	$1.7M	50x
Bybit GASUSDTlong	+0.0100%	4h	1.4068	long leg	$843K	$304K	25x
OKX GAS-USDT-SWAP	+0.0100%	4h	1.4047	−0.149%	$380K	$271K	20x	as long as short
Gate GAS_USDT	+0.0100%	4h	1.4050	−0.128%	$110K	$71K	25x	as long as short
MEXC GAS_USDT	+0.0100%	4h	1.4060	−0.057%	$876K	$136K	50x	as long as short
KuCoin GASUSDTM	+0.0100%	4h	1.4048	−0.142%	$183K	$15K	30x	as long as short
Bitget GASUSDT	+0.0100%	4h	1.4060	−0.057%	$396K	$292K	50x	as long as short
BingX GAS-USDT	+0.0100%	4h	1.4040	−0.199%	—	$2.3M	—	as long as short
Variational Omni GAS	+0.0100%	4h	1.4066	−0.017%	$5K	$2	—	as long as short