Funding arb · Price arb /

H

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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+0.067%7-day average +0.277% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 7 days+0.214%+$21 · spread now +0.067%, 7d avg +0.277%

Together, before fees+0.464%+$46 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 0.210% cheaper against Bybit than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.277%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.07043	0.0100	pay 0.0050% / 4h	3h 40m	$7.7M	$4.6M	13x
Short	Binance HUSDT	0.07048	0.0100	get 0.0050% / 4h	3h 40m	$15.1M	$10.6M	10x

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 +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.277%: −$20.98
Slippage, 4 orders: −$136.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$178.12
Costs to cover: 1.571%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 15 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, 2 min ago	1.42 bp	39.9 bp −$40	205.0 bp −$2,050	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.41 bp	37.6 bp −$38	233.7 bp −$2,337	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−11.263%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07053	+0.132%	$117K	$55K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.07048	+0.067%	$15.1M	$10.6M	10x
Bybit HUSDTlong	+0.0100%	4h	0.07043	long leg	$7.7M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07053	+0.138%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07039	−0.061%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07051	+0.109%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07040	−0.047%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07030	−0.189%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07047	+0.053%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07042	−0.020%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07046	+0.043%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07049	+0.085%	$9K	$102K	5x	as long as short
BloFin H-USDT	+0.0136%	4h	0.07051	+0.109%	$601K	$118K	25x	as long as short