Funding arb · Price arb /

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Swap Backtest

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: Binance against Bybit+0.095%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1681.680% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.098%+$10 · spread now +0.095%, 7d avg +0.146%

Together, before fees+0.142%+$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 0.051% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06773	0.0100	pay 0.0050% / 4h	1h 37m	$2.1M	$578K	25x
Short	Binance BASEDUSDT	0.06779	0.0100	get 0.0050% / 4h	1h 37m	$4.2M	$2.9M	25x

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 +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.146%: −$5.1
Slippage, 4 orders: −$147
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$173.1
Costs to cover: 1.680%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago	5.17 bp	73.7 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.22 bp	23.4 bp −$23	98.5 bp −$985	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0085%	4h	0.06784	+0.162%	$251K	$37K	25x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06779	+0.095%	$4.2M	$2.9M	25x
Bybit BASEDUSDTlong	+0.0100%	4h	0.06773	long leg	$2.1M	$578K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06775	+0.030%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06775	+0.030%	$539K	$521K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06778	+0.074%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06777	+0.059%	$568K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06785	+0.177%	$1.3M	$361K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06780	+0.103%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06774	+0.018%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06732	−0.612%	$97K	$354K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06780	+0.103%	$1K	$800K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06778	+0.072%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0148%	4h	0.06779	+0.089%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0335%	4h	0.06786	+0.192%	$3K	$652	10x	as long as short