Funding arb · Price arb /

LSK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.065%

Price spread now: Bybit against HTX+0.107%7-day average +0.910% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$1611.607% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−9.708%−$971 on $10k

Price spread, last 3 days (all we have)+2.354%+$235 · spread now +0.107%, 7d avg +0.910%

Together, before fees−7.354%−$735 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 0.803% cheaper against HTX than usual: you would sell low and buy high, −$80 on $10k if it goes back to its 7-day average of +0.910%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LSK-USDT	0.3661	0.0100	pay 0.0013% / 1h	44m 13s	$61K	$305K	20x
Short	Bybit LSKUSDT	0.3665	0.0100	get 0.0013% / 1h	44m 13s	$10.0M	$20.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.910%: −$80.31
Slippage, 4 orders: −$137.72
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$241.03
Costs to cover: 1.607%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; Bybit: live order book, 4 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 HTX live order book, 38 min ago	27.41 bp	67.0 bp −$67	233.2 bp −$2,332	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.14 bp	32.8 bp −$33	195.2 bp −$1,952	doesn't fit	doesn't fit

LSK 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
Aster LSKUSDT	−0.0562%	1h	0.3659	−0.074%	$62K	$121K	5x	as long as short
Binance LSKUSDT	−0.0254%	1h	0.3662	+0.022%	$15.2M	$95.5M	50x	as long as short
MEXC LSK_USDT	−0.0240%	1h	0.3663	+0.041%	$8.1M	$2.5M	20x	as long as short
Gate LSK_USDT	+0.0096%	1h	0.3670	+0.232%	$1.5M	$2.7M	20x	as long as short
Variational Omni LSK	+0.0100%	1h	0.3661	−0.005%	$28K	$235K	—	as long as short
Bybit LSKUSDTshort	+0.0100%	1h	0.3665	+0.107%	$10.0M	$20.1M	25x
HTX LSK-USDTlong	+0.0100%	1h	0.3661	long leg	$61K	$305K	20x
Bitget LSKUSDT	+0.0104%	1h	0.3664	+0.068%	$2.6M	$8.9M	50x	as long as short
BingX LSK-USDT	+0.0104%	1h	0.3665	+0.090%	—	$3.0M	—	as long as short
Kraken Futures PF_LSKUSD	+0.0237%	1h	0.3675	+0.355%	$112K	$181K	10x	as long as short