Funding arb · Price arb /

HAEDAL

all HAEDAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against Bybit+0.121%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$390as in the Price arb table

costs, in and out, $10k−$3963.963% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.121%, 7d avg +0.054%

Together, before fees+0.304%+$30 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 0.067% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HAEDALUSDT	0.02071	0.0100	pay 0.0050% / 4h	2h 17m	$393K	$232K	13x
Short	Binance HAEDALUSDT	0.02073	0.0100	get 0.0050% / 4h	2h 17m	$1.5M	$2.0M	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 +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.054%: $6.71
Slippage, 4 orders: −$375.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$389.59
Costs to cover: 3.963%
Break-even: never at this rate

Slippage from Bybit: live order book, 22 min ago; Binance: live order book, 16 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, 22 min ago	9.70 bp	176.3 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.42 bp	44.0 bp −$44	451.7 bp −$4,517	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 HAEDALUSDTshort	+0.0100%	4h	0.02073	+0.121%	$1.5M	$2.0M	10x
Bybit HAEDALUSDTlong	+0.0100%	4h	0.02071	long leg	$393K	$232K	13x
Gate HAEDAL_USDT	+0.0100%	4h	0.02066	−0.241%	$73K	$45K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02073	+0.097%	$158K	$198K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02065	−0.290%	$116K	$52K	10x	as long as short
Bitget HAEDALUSDT	+0.0100%	4h	0.02068	−0.145%	$199K	$242K	10x	as long as short
BingX HAEDAL-USDT	+0.0100%	4h	0.02072	+0.048%	—	$1.2M	—	as long as short
Variational Omni HAEDAL	+0.0100%	4h	0.02063	−0.380%	$357	$2K	—	as long as short