Funding arb · Price arb /

NET

RWAall NET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.027%

Price spread now: Binance against tradeXYZ−0.015%7-day average +0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.432%−$43 on $10k

Price spread, last 2 days (all we have)+0.072%+$7 · spread now −0.015%, 7d avg +0.056%

Together, before fees−0.360%+ Points / potential airdroptradeXYZ: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.071% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NET	353.50	0.0042	pay 0.0005% / 1h	15m 22s	$372K	$185K	10x
Short	Binance NETUSDT	353.45	0	get 0.0000% / 8h	6h 15m	$368K	$765K	20x

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 −0.015%Rate

Funding earned: −$8.84
Price spread: −0.015% → +0.056%: −$7.07
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.92
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 31 min ago; Binance: live order book, 2 min ago. Net counts fees only.

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, 31 min ago	13.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	7.22 bp	23.4 bp −$23	116.7 bp −$1,167	doesn't fit	doesn't fit

NET on 10 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
Paragon para:NET	−0.0049%	1h	352.23	−0.359%	$175K	$38K	10x	as long as short
Binance NETUSDTshort	0.0000%	8h	353.45	−0.015%	$368K	$765K	20x
Bybit NETUSDT	0.0000%	8h	353.42	−0.023%	$384K	$108K	25x	as long as short
OKX NET-USDT-SWAP	0.0000%	8h	353.10	−0.113%	$177K	$101K	20x	as long as short
Gate NET_USDT	0.0000%	8h	352.80	−0.198%	$39K	$6K	20x	as long as short
Bitget NETUSDT	0.0000%	8h	353.33	−0.048%	$185K	$567K	20x	as long as short
HTX NET-USDT	0.0000%	8h	352.84	−0.187%	$9K	$345K	20x	as long as short
tradeXYZ xyz:NETlong	+0.0042%	1h	353.50	long leg	$372K	$185K	10x
Phoenix NET	+0.0317%	1h	353.59	+0.025%	$169	$85K	10x	as long as short
edgeX NETUSDC	+0.0777%	4h	353.48	−0.006%	$37K	$326K	10x	as long as short