Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0022%/8h= −2.5% APRpaid last 24h −0.007%

Price spread now: Arcus against Binance−0.141%7-day average −0.091% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Binance Short on Arcus

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)+0.311%+$31 · spread now −0.141%, 7d avg −0.091%

Together, before fees+0.317%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.050% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	275.88	0.0063	pay 0.0063% / 8h	5h 15m	$8.4M	$36.2M	25x
Short	Arcus BE-USD	275.49	0.0040	get 0.0005% / 1h	15m 00s	$115K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$4.71
Price spread: −0.141% → −0.091%: −$5.02
Slippage, 4 orders: −$28.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$52.41
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Arcus: live order book, 48 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, 12 min ago	0.91 bp	9.8 bp −$10	28.7 bp −$287	98.1 bp −$9,805	doesn't fit
Sell Arcus live order book, 48 min ago	4.74 bp	9.4 bp −$9	20.5 bp −$205	doesn't fit	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	275.53	−0.129%	$347K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.60	−0.101%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.79	−0.033%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.78	−0.037%	$7K	$164K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.88	0.000%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	276.02	+0.051%	$13K	$34K	20x	as long as short
QFEX BE-USD	+0.0012%	1h	275.91	+0.011%	$1.3M	$2.8M	10x	as long as short
Bybit BEUSDT	+0.0015%	8h	276.00	+0.043%	$2.0M	$1.2M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	273.08	−1.015%	$473K	$129K	10x	as long as short
Lighter BE	+0.0032%	1h	275.60	−0.101%	—	—	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	275.72	−0.058%	$252K	$289K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	275.49	−0.141%	$115K	$109K	10x
Vest BE-USD-PERP	+0.0046%	1h	275.82	−0.022%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.62	−0.094%	$5.9M	$2.7M	10x	as long as short
Binance BEUSDTlong	+0.0063%	8h	275.88	long leg	$8.4M	$36.2M	25x
Extended BE-USD	+0.0064%	1h	275.81	−0.026%	$47K	$261K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.73	−0.054%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.83	−0.020%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0120%	8h	276.10	+0.080%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0183%	8h	275.84	−0.014%	$1K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0657%	1h	275.88	0.000%	$7K	$4K	10x	as long as short