Funding arb · Price arb /

CSCO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Extended+0.135%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1251.248% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.135%, 7d avg +0.099%

Together, before fees−0.221%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.035% dearer against Extended than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.099%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CSCO_24_5-USD	111.51	0.0104	pay 0.0013% / 1h	55m 57s	$232K	$2K	10x
Short	Bybit CSCOUSDT	111.66	0	get 0.0000% / 8h	2h 55m	$411K	$67K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$21.84
Price spread: +0.135% → +0.099%: $3.5
Slippage, 4 orders: −$108.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.11
Costs to cover: 1.248%
Break-even: never at this rate

Slippage from Extended: live order book, 56 min ago; Bybit: live order book, 49 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 Extended live order book, 56 min ago	18.40 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 49 min ago	10.31 bp	51.2 bp −$51	doesn't fit	doesn't fit	doesn't fit

CSCO on 13 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 CSCOUSDT	0.0000%	8h	111.68	+0.151%	$4K	$6K	20x	as long as short
Binance CSCOUSDT	0.0000%	8h	111.68	+0.156%	$740K	$440K	20x	as long as short
Bybit CSCOUSDTshort	0.0000%	8h	111.66	+0.135%	$411K	$67K	25x
OKX CSCO-USDT-SWAP	0.0000%	8h	111.58	+0.063%	$270K	$155K	20x	as long as short
Gate CSCO_USDT	0.0000%	8h	111.66	+0.135%	$305K	$7K	25x	as long as short
Bitget CSCOUSDT	0.0000%	8h	111.67	+0.143%	$330K	$77K	20x	as long as short
Variational Omni CSCO	0.0000%	8h	111.66	+0.135%	$39K	$8K	—	as long as short
GRVT CSCO_USDT_Perp	0.0000%	8h	111.66	+0.134%	$1K	$186K	10x	as long as short
SunX CSCO-USDT	0.0000%	8h	111.69	+0.161%	—	$1.3M	10x	as long as short
HTX CSCO-USDT	0.0000%	8h	111.68	+0.152%	$6K	$3K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CSCOUSDT	0.0000%	8h	111.69	+0.161%	$1.3M	$34K	10x	as long as short
KuCoin CSCOUSDTM	+0.0100%	8h	111.43	−0.072%	$327K	$778K	20x	as long as short
Extended CSCO_24_5-USDlong	+0.0104%	1h	111.51	long leg	$232K	$2K	10x