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: Binance against Bybit−0.195%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on Bybit Short on Binance

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)+0.110%+$11 · spread now −0.195%, 7d avg −0.095%

Together, before fees+0.109%+$11 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 0.100% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000TURBOUSDT	0.001070	0.0100	pay 0.0050% / 4h	2h 24m	$402K	$733K	25x
Short	Binance TURBOUSDT	0.001068	0.0100	get 0.0050% / 4h	2h 24m	$2.9M	$5.8M	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 −0.195%Rate

Funding earned: $0
Price spread: −0.195% → −0.095%: −$10
Slippage, 4 orders: −$107.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$138.58
Costs to cover: 1.286%
Break-even: never at this rate

Slippage from Bybit: live order book, 36 min ago; Binance: live order book, 14 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, 36 min ago	10.73 bp	35.3 bp −$35	178.2 bp −$1,782	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.94 bp	28.4 bp −$28	80.5 bp −$805	doesn't fit	doesn't fit

TURBO on 13 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	−0.0080%	1h	0.001070	+0.008%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.056%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001069	−0.056%	$321K	$140K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001069	−0.041%	$10K	$19K	10x	as long as short
Binance TURBOUSDTshort	+0.0100%	4h	0.001068	−0.195%	$2.9M	$5.8M	50x
Bybit 1000TURBOUSDTlong	+0.0100%	4h	0.001070	long leg	$402K	$733K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001067	−0.280%	$927K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001069	−0.075%	$401K	$243K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001068	−0.131%	$5.4M	$562K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001069	−0.065%	$2.0M	$773K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001068	−0.150%	$1.0M	$471K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001069	−0.075%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001067	−0.206%	$4K	$171K	5x	as long as short