Settings8H · net · $10k
Funding arb · Price arb /

PYPL

RWAall PYPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.095%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.095% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PYPLUSDT52.6800get 0.0000% / 8h7m 15s$283K$188K20x
ShortBitget PYPLUSDT52.6300get 0.0000% / 8h7m 15s$78K$10K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.095% → 0.000%
−$9.49
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$31.49
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 39 min ago; Bitget: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 39 min ago1.90 bp18.1 bp −$18109.7 bp −$1,097doesn't fitdoesn't fit
Sell Bitget no order-book sample
Bitget: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PYPL on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX PYPLUSDC−0.0974%4h52.698+0.034%$28K$248K10xas long as short
Injective PYPL/USDC PERP−0.0220%1h52.160−0.987%$7K$22K12xas long as short
Binance PYPLUSDTlong0.0000%8h52.680long leg$283K$188K20x
Bybit PYPLUSDT0.0000%8h52.670−0.019%$370K$44K25xas long as short
OKX PYPL-USDT-SWAP0.0000%8h52.840+0.304%$116K$40K20xas long as short
Gate PYPL_USDT0.0000%8h52.690+0.019%$36K$2K20xas long as short
Bitget PYPLUSDTshort0.0000%8h52.630−0.095%$78K$10K20x
HTX PYPL-USDT0.0000%8h52.700+0.038%$7K$12K10xas long as short