Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h +0.380%

Price spread now: tradeXYZ against Binance+0.026%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1701.704% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 2 days (all we have)+0.071%+$7 · spread now +0.026%, 7d avg −0.038%

Together, before fees−0.102%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.065% dearer against Binance than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.038%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.173% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BOTUSDT	29.399	0	get 0.0000% / 8h	1h 48m	$455K	$1.2M	10x
Short	tradeXYZ xyz:BOT	29.407	−0.0356	pay 0.0045% / 1h	48m 19s	$3.1M	$830K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$74.8
Price spread: +0.026% → −0.038%: $6.46
Slippage, 4 orders: −$142.43
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$238.77
Costs to cover: 1.704%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; tradeXYZ: live order book, 10 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, 14 min ago	1.70 bp	46.1 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	2.89 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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
Arcus BOT-USD	−0.0974%	1h	29.400	+0.003%	$744	$5K	5x	as long as short
tradeXYZ xyz:BOTshort	−0.0356%	1h	29.407	+0.026%	$3.1M	$830K	10x
QFEX BOT-USD	−0.0048%	1h	29.420	+0.071%	$1.2M	$512K	10x	as long as short
Binance BOTUSDTlong	0.0000%	8h	29.399	long leg	$455K	$1.2M	10x
Bybit BOTUSDT	0.0000%	8h	29.420	+0.071%	$511K	$314K	25x	as long as short
OKX BOT-USDT-SWAP	0.0000%	8h	29.400	+0.003%	$237K	$221K	20x	as long as short
Gate BOT_USDT	0.0000%	8h	29.430	+0.105%	$252K	$244K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.450	+0.173%	$252K	$149K	5x	as long as short
Variational Omni BOT	0.0000%	8h	29.398	−0.006%	$31K	$19K	—	as long as short
Lighter BOT	+0.0032%	1h	29.487	+0.299%	$68K	$14K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BOTUSDTM	+0.0100%	8h	29.410	+0.037%	$96K	$335K	20x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.445	+0.156%	$3K	$34K	10x	as long as short