Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.186%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.186%, 7d avg +0.096%

Together, before fees−0.121%−$12 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 0.090% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TURBOUSDT	0.001074	0.0100	pay 0.0050% / 4h	3h 13m	$3.0M	$5.6M	50x
Short	Bybit 1000TURBOUSDT	0.001076	0.0100	get 0.0050% / 4h	3h 13m	$419K	$707K	25x

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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → +0.096%: $9.04
Slippage, 4 orders: −$94.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.56
Costs to cover: 1.156%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 52 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 Binance live order book, 10 min ago	1.41 bp	27.1 bp −$27	116.6 bp −$1,166	doesn't fit	doesn't fit
Sell Bybit live order book, 52 min ago	9.03 bp	40.1 bp −$40	168.4 bp −$1,684	doesn't fit	doesn't fit

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0275%	1h	0.001078	+0.383%	$69K	$30K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.466%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0077%	4h	0.001077	+0.270%	$158K	$407K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001077	+0.279%	$322K	$132K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001079	+0.446%	$11K	$18K	10x	as long as short
Binance TURBOUSDTlong	+0.0100%	4h	0.001074	long leg	$3.0M	$5.6M	50x
Bybit 1000TURBOUSDTshort	+0.0100%	4h	0.001076	+0.186%	$419K	$707K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001074	+0.047%	$943K	$1.8M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001077	+0.298%	$404K	$233K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001075	+0.130%	$5.4M	$557K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001076	+0.158%	$2.0M	$750K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001075	+0.093%	$1.0M	$427K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001075	+0.093%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001074	−0.022%	$4K	$171K	5x	as long as short