Funding arb · Price arb /

COIN

RWAall COIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Bybit+0.020%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.020%, 7d avg −0.002%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COINUSDT	196.17	0	get 0.0000% / 8h	38m 13s	$4.7M	$6.2M	50x
Short	Binance COINUSDT	196.21	0	get 0.0000% / 8h	38m 13s	$15.0M	$82.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.002%: $2.28
Slippage, 4 orders: −$22.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.32
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 4 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 Bybit live order book, 5 min ago	1.02 bp	15.4 bp −$15	40.3 bp −$403	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.25 bp	7.2 bp −$7	13.7 bp −$137	51.8 bp −$5,178	doesn't fit

COIN on 26 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
Injective COIN/USDC PERP	−0.0440%	1h	196.41	+0.122%	$43K	$48K	30x	as long as short
Bitget COINUSDT	−0.0360%	8h	196.33	+0.082%	$6.4M	$10.6M	20x	as long as short
Vest COIN-USD-PERP	−0.0051%	1h	195.84	−0.168%	—	$326K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.15	−0.008%	$342K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.18	+0.004%	$106K	$861K	10x	as long as short
Binance COINUSDTshort	0.0000%	8h	196.21	+0.020%	$15.0M	$82.2M	20x
Bybit COINUSDTlong	0.0000%	8h	196.17	long leg	$4.7M	$6.2M	50x
OKX COIN-USDT-SWAP	0.0000%	8h	196.21	+0.020%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	196.18	+0.005%	$1.2M	$7.3M	50x	as long as short
Variational Omni COIN	0.0000%	8h	196.44	+0.136%	$714K	$974K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.45	+0.143%	$22K	$2.8M	10x	as long as short
Lighter COIN	+0.0032%	1h	196.12	−0.025%	$363K	$2.3M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.13	−0.020%	$462K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.46	+0.148%	$17K	$58K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.08	−0.046%	$15.2M	$13.0M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.10	−0.036%	$134K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.19	+0.010%	$93	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.18	+0.005%	$446K	$2.8M	10x	as long as short
QFEX COIN-USD	+0.0065%	1h	196.19	+0.010%	$1.3M	$2.9M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.99	−0.092%	$988K	$136K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.32	+0.076%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.21	+0.020%	$567	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.17	+0.002%	$116	—	10x	as long as short
edgeX COINUSDC	+0.0104%	4h	196.45	+0.142%	$51K	$294K	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.25	+0.041%	$187K	$436K	20x	as long as short
Phoenix COIN	+0.0163%	1h	196.40	+0.117%	$4K	$283K	10x	as long as short