Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h +0.040%

Price spread now: Bybit against Backpack−0.416%45s7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.395% of the position

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.566%−$57 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.416%, 7d avg +0.071%

Together, before fees−0.188%−$19 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 Bybit is 0.487% cheaper against Backpack than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of +0.071%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack FARTCOIN_USDC_PERP	0.1995	0.0146	pay 0.0018% / 1h	34m 26s	$85K	$311K	10x
Short	Bybit FARTCOINUSDT	0.1987	0.0100	get 0.0050% / 4h	2h 34m	$31.2M	$58.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Backpack. 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 BackpackbpFee BybitbpOrdersPrice spread, now −0.416%Rate

Funding earned: −$9.74
Price spread: −0.416% → +0.071%: −$48.67
Slippage, 4 orders: −$18.52
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.93
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Backpack: live order book, 14 min ago; Bybit: 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 Backpack live order book, 14 min ago	0.25 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	0.25 bp	14.2 bp −$14	35.9 bp −$359	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0004%	1h	0.1985	−0.501%	$1K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−0.551%	$1K	$5	5.5x	as long as short
Bybit FARTCOINUSDTshort	+0.0100%	4h	0.1987	−0.416%	$31.2M	$58.6M	50x
Bulk FARTCOIN-USD	+0.0100%	1h	0.2004	+0.473%	$79K	−$0	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.2002	+0.341%	$2K	$1.8M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1998	+0.150%	$160K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1996	+0.045%	$69K	$153K	20x	as long as short
MEXC FARTCOIN_USDT	+0.0108%	4h	0.1983	−0.581%	$24.4M	$15.5M	100x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0136%	1h	0.1983	−0.602%	$108K	$953K	10x	as long as short
Backpack FARTCOIN_USDC_PERPlong	+0.0146%	1h	0.1995	long leg	$85K	$311K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo FARTCOIN-PERP	+0.0160%	1h	0.1987	−0.401%	$32K	—	3x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0164%	4h	0.1986	−0.451%	$4.9M	$17.7M	20x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0203%	1h	0.1986	−0.461%	$118K	$57K	25x	as long as short
Phoenix FARTCOIN	+0.0238%	1h	0.1996	+0.070%	$157K	$219K	10x	as long as short
Bitget FARTCOINUSDT	+0.0258%	4h	0.1987	−0.401%	$13.9M	$18.8M	50x	as long as short
Lighter FARTCOIN	+0.0264%	1h	0.1987	−0.401%	$618K	$1.8M	10x	as long as short
Gate FARTCOIN_USDT	+0.0284%	4h	0.1983	−0.596%	$11.2M	$9.6M	75x	as long as short
Aster FARTCOINUSDT	+0.0308%	4h	0.1988	−0.351%	$83K	$231K	5x	as long as short
Binance FARTCOINUSDT	+0.0317%	4h	0.1986	−0.448%	$19.5M	$89.7M	75x	as long as short
BingX FARTCOIN-USDC	+0.0318%	4h	0.1986	−0.451%	—	$6.5M	—	as long as short
ApeX Omni FARTCOINUSDT	+0.0325%	1h	0.1989	−0.301%	$28K	$200K	50x	as long as short
KuCoin FARTCOINUSDTM	+0.0338%	4h	0.1982	−0.652%	$10.7M	$15.7M	50x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0358%	4h	0.1990	−0.227%	$248K	$4.6M	10x	as long as short
Pacifica FARTCOIN	+0.0362%	1h	0.1986	−0.467%	$191K	$481K	10x	as long as short
Variational Omni FARTCOIN	+0.0390%	4h	0.1990	−0.261%	$1.0M	$3.2M	—	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1984	−0.562%	$0	—	5x	as long as short
Nado FARTCOIN-PERP	+0.0460%	1h	0.1985	−0.518%	$790K	$810K	10x	as long as short
Arcus FARTCOIN-USD	+0.0518%	1h	0.1984	−0.551%	$14K	$87K	10x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0527% / S −0.0667%	1h	0.1982	−0.664%	$55K	—	100x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0535%	1h	0.1998	+0.158%	$774K	$2.2M	50x	as long as short
01 Exchange FARTCOINUSD	+0.0544%	1h	0.1983	−0.622%	$407	$477	10x	as long as short
BloFin FARTCOIN-USDT	+0.0557%	4h	0.1999	+0.201%	$1.0M	$2.1M	75x	as long as short
Extended FARTCOIN-USD	+0.0568%	1h	0.1982	−0.628%	$225K	$1.7M	25x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0810%	4h	0.1987	−0.401%	$25K	$4K	20x	as long as short
Hyperliquid FARTCOIN	+0.0913%	1h	0.1984	−0.541%	$48.2M	$36.4M	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1008%	1h	0.1999	+0.180%	$1.0M	$9.4M	50x	as long as short