Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.181%7-day average −0.276% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1551.551% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days−0.118%−$12 · spread now −0.181%, 7d avg −0.276%

Together, before fees−0.369%−$37 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: Bybit is 0.095% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06845	0.0100	pay 0.0050% / 4h	2h 20m	$14.7M	$10.9M	10x
Short	Bybit HUSDT	0.06833	0.0100	get 0.0050% / 4h	2h 20m	$7.5M	$4.7M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.276%: $9.47
Slippage, 4 orders: −$134.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$145.6
Costs to cover: 1.551%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 3 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 Binance live order book, 5 min ago	3.63 bp	34.6 bp −$35	281.3 bp −$2,813	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.19 bp	40.0 bp −$40	180.9 bp −$1,809	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.698%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06844	−0.017%	$113K	$55K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06845	long leg	$14.7M	$10.9M	10x
Bybit HUSDTshort	+0.0100%	4h	0.06833	−0.181%	$7.5M	$4.7M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06848	+0.038%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06839	−0.093%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06844	−0.020%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06835	−0.152%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06823	−0.327%	$1.7M	$455K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06852	+0.097%	—	$2.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06846	+0.012%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06870	+0.360%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06837	−0.122%	$9K	$102K	5x	as long as short