Funding arb · Price arb /

LYN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.059%

Price spread now: Bitget against Bybit+0.180%7-day average +0.227% · you sell dearer than you buy

Net, funding: paid 7d − costs−$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$362as in the Price arb table

costs, in and out, $10k−$3573.569% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.101%+$10 · spread now +0.180%, 7d avg +0.227%

Together, before fees+0.012%+$1 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: Bitget is 0.046% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.227%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LYNUSDT	0.03879	0.0100	pay 0.0050% / 4h	34m 49s	$1.7M	$1.8M	25x
Short	Bitget LYNUSDT	0.03886	0.0100	get 0.0050% / 4h	34m 49s	$1.7M	$583K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.227%: −$4.61
Slippage, 4 orders: −$333.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$361.51
Costs to cover: 3.569%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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	5.13 bp	153.4 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.85 bp	39.5 bp −$40	253.6 bp −$2,536	doesn't fit	doesn't fit

LYN 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 LYNUSDT	+0.0100%	4h	0.03875	−0.091%	$23K	$23K	5x	as long as short
Binance LYNUSDT	+0.0100%	4h	0.03876	−0.076%	$6.0M	$8.2M	10x	as long as short
Bybit LYNUSDTlong	+0.0100%	4h	0.03879	long leg	$1.7M	$1.8M	25x
MEXC LYN_USDT	+0.0100%	4h	0.03873	−0.155%	$1.1M	$403K	50x	as long as short
KuCoin LYNUSDTM	+0.0100%	4h	0.03881	+0.052%	$1.1M	$185K	10x	as long as short
Bitget LYNUSDTshort	+0.0100%	4h	0.03886	+0.180%	$1.7M	$583K	10x
BingX LYN-USDT	+0.0100%	4h	0.03880	+0.026%	—	$6.6M	—	as long as short
Extended LYN-USD	+0.0104%	1h	0.03875	−0.115%	$5K	$160K	5x	as long as short
BloFin LYN-USDT	+0.0340%	4h	0.03875	−0.103%	$402K	$10K	20x	as long as short
Gate LYN_USDT	+0.0500%	4h	0.03881	+0.052%	$268K	$222K	25x	as long as short