Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.007%

Price spread now: Binance against Arcus+0.120%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.120%, 7d avg +0.091%

Together, before fees−0.296%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.029% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	274.65	0.0040	pay 0.0005% / 1h	40m 41s	$115K	$109K	10x
Short	Binance BEUSDT	274.98	0.0073	get 0.0073% / 8h	5h 40m	$8.4M	$36.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.120%Rate

Funding earned: $6.96
Price spread: +0.120% → +0.091%: $2.9
Slippage, 4 orders: −$28.35
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.99
Costs to cover: 0.429%
Break-even: 40.2 days

Slippage from Arcus: live order book, 22 min ago; Binance: live order book, 1 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 Arcus live order book, 22 min ago	4.74 bp	12.2 bp −$12	20.3 bp −$203	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.18 bp	9.5 bp −$9	28.4 bp −$284	86.7 bp −$8,668	doesn't fit

BE on 21 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 BEUSDT	0.0000%	8h	274.56	−0.032%	$346K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.96	+0.113%	$2.0M	$1.1M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.70	+0.018%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.70	+0.018%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.94	+0.105%	$7K	$167K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.92	+0.098%	$959	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.09	+0.160%	$13K	$34K	20x	as long as short
QFEX BE-USD	+0.0012%	1h	274.97	+0.117%	$1.3M	$2.9M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	273.08	−0.572%	$473K	$130K	10x	as long as short
Lighter BE	+0.0032%	1h	274.69	+0.015%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	274.82	+0.062%	$251K	$289K	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	274.65	long leg	$115K	$109K	10x
Vest BE-USD-PERP	+0.0046%	1h	274.95	+0.109%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.79	+0.051%	$5.9M	$2.8M	10x	as long as short
Extended BE-USD	+0.0072%	1h	274.92	+0.100%	$46K	$262K	10x	as long as short
Binance BEUSDTshort	+0.0073%	8h	274.98	+0.120%	$8.4M	$36.2M	25x
KuCoin BEUSDTM	+0.0100%	8h	274.85	+0.073%	$371K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.90	+0.090%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0126%	8h	275.01	+0.131%	$2.6M	$6.7M	25x	as long as short
BloFin BE-USDT	+0.0194%	8h	274.85	+0.073%	$45K	$140K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0624%	1h	274.94	+0.106%	$7K	$4K	10x	as long as short