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

BE

RWAall BE 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 +0.017%
Price spread now: Bybit against Binance−0.022%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.548% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 2 days (all we have)+0.063%+$6 · spread now −0.022%, 7d avg −0.008%
Together, before fees+0.073%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BEUSDT273.410get 0.0000% / 8h1h 22m$8.5M$37.4M25x
ShortBybit BEUSDT273.350get 0.0000% / 8h1h 22m$2.0M$1.2M25x

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: −0.022% → −0.008%
−$1.44
Slippage, 4 orders
−$33.83
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$56.27
Costs to cover
0.548%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago0.18 bp9.9 bp −$1024.1 bp −$241101.9 bp −$10.2Kdoesn't fit
Sell Bybit live order book, 4 min ago3.11 bp15.3 bp −$15101.4 bp −$1,014doesn't fitdoesn't fit

BE on 21 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
Aster BEUSDT0.0000%8h273.11−0.109%$343K$117K20xas long as short
Extended BE-USD0.0000%1h273.37−0.015%$46K$270K10xas long as short
Binance BEUSDTlong0.0000%8h273.41long leg$8.5M$37.4M25x
Bybit BEUSDTshort0.0000%8h273.35−0.022%$2.0M$1.2M25x
Gate BE_USDT0.0000%8h273.10−0.113%$1.5M$3.7M50xas long as short
Bitget BEUSDT0.0000%8h273.28−0.048%$1.7M$2.7M20xas long as short
GRVT BE_USDT_Perp0.0000%8h273.25−0.057%$7K$191K10xas long as short
SunX BE-USDT0.0000%8h273.35−0.022%$1K$2.6M10xas long as short
HTX BE-USDT0.0000%8h273.47+0.022%$13K$33K20xas long as short
Lighter BE+0.0032%1h273.08−0.121%10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH BE+0.0032%1h273.32−0.033%$249K$424K10xas long as short
QFEX BE-USD+0.0035%1h273.35−0.022%$1.3M$3.8M10xas long as short
Arcus BE-USD+0.0040%1h273.15−0.095%$114K$134K10xas long as short
Vest BE-USD-PERP+0.0046%1h273.22−0.069%10xas long as short
Coinbase International BE-PERP-INTX+0.0064%1h272.24−0.428%$467K$121K10xas long as short
OKX BE-USDT-SWAP+0.0091%8h273.48+0.026%$2.6M$6.8M25xas long as short
KuCoin BEUSDTM+0.0100%8h273.34−0.026%$369K$23K20xas long as short
Aevo BE-PERP+0.0104%1h273.35−0.022%10xas long as short
BloFin BE-USDT+0.0120%8h273.44+0.011%$45K$141K20xas long as short
tradeXYZ xyz:BE+0.0161%1h273.17−0.088%$5.9M$2.9M10xas long as short
Deribit BE_USDC-PERPETUAL+0.0812%1h273.410.000%$6K$4K10xas long as short