Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.041%

Price spread now: tradeXYZ against Binance−0.098%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 2 days (all we have)−0.054%−$5 · spread now −0.098%, 7d avg −0.086%

Together, before fees−0.069%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% 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 COSTUSDT	898.18	0.0542	pay 0.0542% / 8h	7h 47m	$1.1M	$962K	20x
Short	tradeXYZ xyz:COST	897.30	0.0050	get 0.0006% / 1h	47m 46s	$1.8M	$532K	20x

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 −0.098%Rate

Funding earned: −$103.42
Price spread: −0.098% → −0.086%: −$1.21
Slippage, 4 orders: −$15.45
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$148.09
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; tradeXYZ: live order book, 9 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, 15 min ago	0.22 bp	5.6 bp −$6	36.5 bp −$365	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.17 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.13	−0.006%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.47	+0.032%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	898.54	+0.040%	$523K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.42	+0.027%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	897.60	−0.065%	$1K	$3.1M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.06	+0.209%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0017%	1h	898.04	−0.016%	$1.1M	$3.2M	10x	as long as short
OKX COST-USDT-SWAP	+0.0030%	8h	898.84	+0.073%	$444K	$135K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.690%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.008%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	897.10	−0.120%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	897.30	−0.098%	$1.8M	$532K	20x
KuCoin COSTUSDTM	+0.0100%	8h	897.50	−0.076%	$48K	$854K	20x	as long as short
Variational Omni COST	+0.0387%	8h	898.13	−0.006%	$42K	$17K	—	as long as short
Binance COSTUSDTlong	+0.0542%	8h	898.18	long leg	$1.1M	$962K	20x