Funding arb · Price arb /

NOT

all NOT 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 +0.004%

Price spread now: Binance against Bybit+0.172%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1071.070% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.172%, 7d avg +0.100%

Together, before fees−0.140%−$14 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 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005008	0.0100	pay 0.0050% / 4h	2h 42m	$2.1M	$884K	25x
Short	Binance NOTUSDT	0.0005017	0.0100	get 0.0050% / 4h	2h 42m	$2.1M	$3.1M	50x

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 +0.172%Rate

Funding earned: $0
Price spread: +0.172% → +0.100%: $7.2
Slippage, 4 orders: −$86.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.85
Costs to cover: 1.070%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 8 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, 4 min ago	3.97 bp	28.6 bp −$29	219.7 bp −$2,197	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.99 bp	21.8 bp −$22	104.0 bp −$1,040	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0166%	4h	0.0005044	+0.721%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0138%	4h	0.0005013	+0.100%	$484K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.676%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005030	+0.441%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	+0.240%	$353K	$58K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005015	+0.134%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005017	+0.172%	$2.1M	$3.1M	50x
Bybit NOTUSDTlong	+0.0100%	4h	0.0005008	long leg	$2.1M	$884K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005018	+0.200%	$637K	$695K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005020	+0.240%	$138K	$73K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005015	+0.140%	$1.3M	$444K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005027	+0.379%	$669K	$480K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005017	+0.180%	—	$729K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005015	+0.146%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0115%	4h	0.0005019	+0.220%	$110K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1683%	1h	0.0005032	+0.484%	$49K	$9K	10x	as long as short