Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
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 −0.001%
Price spread now: Bybit against Binance−0.088%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$950.951% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 7 days+0.006%+$1 · spread now −0.088%, 7d avg −0.077%
Together, before fees+0.085%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SUSDT0.039300.0100pay 0.0050% / 4h11m 49s$5.4M$16.9M75x
ShortBybit SUSDT0.039270.0100get 0.0050% / 4h11m 49s$5.6M$5.2M50x

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

Funding earned
$0
Price spread: −0.088% → −0.077%
−$1.13
Slippage, 4 orders
−$74.14
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$96.27
Costs to cover
0.951%
Break-even
never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 14 min ago1.28 bp18.6 bp −$1962.1 bp −$6212500.4 bp −$250.0Kdoesn't fit
Sell Bybit live order book, 1 min ago2.55 bp28.0 bp −$2875.1 bp −$751doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.5880%1h0.03840−2.302%$23K$2K5xas long as short
Kraken Futures PF_SUSD−0.2122%1h0.03930−0.007%$33K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1336%1h0.03826−2.658%$47K$5K25xas long as short
Variational Omni S−0.0981%4h0.03914−0.421%$609K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0204% / S +0.0196%1h0.03938+0.182%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03932+0.044%$415xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.03938+0.192%$66K$10K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03938+0.180%$607150xas long as short
Orderly PERP_S_USDC+0.0026%4h0.03934+0.090%$100K$339K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.313%$2K$37K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03936+0.141%$165K$217K5xas long as short
Hyperliquid S+0.0100%1h0.03930−0.014%$985K$678K5xas long as short
Aster SUSDT+0.0100%4h0.03937+0.172%$43K$142K10xas long as short
Binance SUSDTlong+0.0100%4h0.03930long leg$5.4M$16.9M75x
Bybit SUSDTshort+0.0100%4h0.03927−0.088%$5.6M$5.2M50x
OKX S-USDT-SWAP+0.0100%4h0.03927−0.088%$981K$4.9M20xas long as short
Gate S_USDT+0.0100%4h0.03925−0.139%$320K$259K50xas long as short
MEXC S_USDT+0.0100%4h0.03931+0.014%$3.6M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03930−0.012%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03929−0.037%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.03930−0.012%$6.7Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.03930−0.012%$114K$314K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.03910−0.521%$25K$448K50xas long as short
Extended S-USD+0.0104%1h0.03929−0.043%$221K$877K10xas long as short
BloFin S-USDT+0.0340%4h0.03928−0.063%$266K$125K75xas long as short