Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.022%

Price spread now: Coinbase International against Binance−0.166%7-day average −0.304% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.166%, 7d avg −0.304%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.138% dearer against Binance than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.304%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	270.92	0	get 0.0000% / 8h	7h 58m	$8.1M	$36.9M	25x
Short	Coinbase International BE-PERP-INTX	270.47	0.0016	get 0.0002% / 1h	58m 47s	$473K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.166%Rate

Funding earned: $3.36
Price spread: −0.166% → −0.304%: $13.83
Slippage, 4 orders: −$19.89
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.7
Costs to cover: 0.399%
Break-even: 54.3 days

Slippage from Binance: live order book, 13 min ago; Coinbase International: live order book, 39 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, 13 min ago	0.74 bp	8.4 bp −$8	26.3 bp −$263	98.9 bp −$9,887	doesn't fit
Sell Coinbase International live order book, 39 min ago	5.90 bp	11.3 bp −$11	18.6 bp −$186	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
Gate BE_USDT	−0.0532%	8h	270.60	−0.118%	$1.4M	$3.2M	50x	as long as short
tradeXYZ xyz:BE	−0.0521%	1h	270.97	+0.018%	$5.9M	$2.8M	10x	as long as short
Deribit BE_USDC-PERPETUAL	−0.0119%	1h	271.08	+0.059%	$6K	$4K	10x	as long as short
Bitget BEUSDT	−0.0037%	8h	270.77	−0.055%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.14	+0.083%	$343K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	270.76	−0.059%	$47K	$384K	10x	as long as short
Binance BEUSDTlong	0.0000%	8h	270.92	long leg	$8.1M	$36.9M	25x
Bybit BEUSDT	0.0000%	8h	271.04	+0.044%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	270.70	−0.081%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	270.90	−0.006%	$6K	$153K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BE-USDT	0.0000%	8h	270.85	−0.026%	$1K	$2.2M	10x	as long as short
HTX BE-USDT	0.0000%	8h	270.94	+0.007%	$12K	$35K	20x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0016%	1h	270.47	−0.166%	$473K	$115K	10x
QFEX BE-USD	+0.0017%	1h	270.56	−0.133%	$1.3M	$2.2M	10x	as long as short
Lighter BE	+0.0032%	1h	271.04	+0.044%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.04	+0.044%	$248K	$298K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.01	+0.033%	$113K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.45	+0.196%	—	—	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	270.99	+0.026%	$352K	$37K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.12	+0.074%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	270.88	−0.015%	$45K	$144K	20x	as long as short