Funding arb · Price arb /

HAEDAL

all HAEDAL 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 −0.012%

Price spread now: Bybit against Binance+0.018%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$479as in the Funding arb table

Net, price: spread back to 7d avg − costs−$437as in the Price arb table

costs, in and out, $10k−$4444.440% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$35 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.018%, 7d avg −0.053%

Together, before fees−0.427%−$43 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 0.071% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HAEDALUSDT	0.02123	0.0100	pay 0.0050% / 4h	3h 13m	$1.6M	$1.9M	10x
Short	Bybit HAEDALUSDT	0.02123	0.0100	get 0.0050% / 4h	3h 13m	$412K	$231K	13x

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 +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.053%: $7.13
Slippage, 4 orders: −$422.95
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$436.82
Costs to cover: 4.440%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 51 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, 5 min ago	2.39 bp	45.5 bp −$46	374.2 bp −$3,742	doesn't fit	doesn't fit
Sell Bybit live order book, 51 min ago	4.82 bp	153.0 bp −$153	doesn't fit	doesn't fit	doesn't fit

HAEDAL on 8 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
Binance HAEDALUSDTlong	+0.0100%	4h	0.02123	long leg	$1.6M	$1.9M	10x
Bybit HAEDALUSDTshort	+0.0100%	4h	0.02123	+0.018%	$412K	$231K	13x
Gate HAEDAL_USDT	+0.0100%	4h	0.02122	−0.029%	$73K	$41K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02123	+0.018%	$170K	$197K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02122	−0.029%	$119K	$49K	10x	as long as short
Bitget HAEDALUSDT	+0.0100%	4h	0.02123	+0.018%	$200K	$230K	10x	as long as short
BingX HAEDAL-USDT	+0.0100%	4h	0.02123	+0.018%	—	$1.2M	—	as long as short
Variational Omni HAEDAL	+0.0100%	4h	0.02118	−0.233%	$479	$2K	—	as long as short