Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0631%/8h= +69.1% APRpaid last 24h −0.371%

Price spread now: Binance against tradeXYZ+0.138%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 7 days−0.200%−$20 · spread now +0.138%, 7d avg +0.008%

Together, before fees−0.038%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Binance is 0.130% dearer against tradeXYZ than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% 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	tradeXYZ xyz:BOT	29.060	−0.1196	get 0.0150% / 1h	36m 17s	$3.0M	$806K	10x
Short	Binance BOTUSDT	29.100	−0.0565	pay 0.0565% / 8h	36m 17s	$454K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.138%Rate

Funding earned: $132.49
Price spread: +0.138% → +0.008%: $13.01
Slippage, 4 orders: −$95.24
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: $22.27
Costs to cover: 1.232%
Break-even: 5.8 days

Slippage from tradeXYZ: live order book, 2 min ago; Binance: live order book, 11 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 tradeXYZ live order book, 2 min ago	0.17 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.72 bp	39.2 bp −$39	340.2 bp −$3,402	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
OKX BOT-USDT-SWAP	−0.1740%	8h	29.130	+0.241%	$232K	$222K	20x	as long as short
tradeXYZ xyz:BOTlong	−0.1196%	1h	29.060	long leg	$3.0M	$806K	10x
KuCoin BOTUSDTM	−0.0749%	8h	29.110	+0.172%	$93K	$392K	20x	as long as short
Binance BOTUSDTshort	−0.0565%	8h	29.100	+0.138%	$454K	$1.2M	10x
Variational Omni BOT	−0.0433%	8h	29.099	+0.135%	$31K	$14K	—	as long as short
Bitget BOTUSDT	−0.0126%	8h	29.130	+0.241%	$242K	$130K	5x	as long as short
QFEX BOT-USD	−0.0012%	1h	29.090	+0.103%	$1.2M	$492K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.060	0.000%	$511K	$578K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.130	+0.241%	$250K	$229K	20x	as long as short
Lighter BOT	+0.0032%	1h	29.302	+0.833%	$67K	$1K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.050	−0.034%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.117	+0.196%	$3K	$34K	10x	as long as short