Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.024%

Price spread now: Arcus against Binance−0.088%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 2 days (all we have)−0.068%−$7 · spread now −0.088%, 7d avg −0.119%

Together, before fees−0.055%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.032% dearer against Binance than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.119%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	274.07	0.0087	pay 0.0087% / 8h	45m 37s	$8.5M	$37.0M	25x
Short	Arcus BE-USD	273.83	0.0040	get 0.0005% / 1h	45m 37s	$114K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$9.75
Price spread: −0.088% → −0.119%: $3.17
Slippage, 4 orders: −$19.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$40.43
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Arcus: live order book, 32 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, 11 min ago	0.18 bp	9.6 bp −$10	22.6 bp −$226	108.0 bp −$10.8K	doesn't fit
Sell Arcus live order book, 32 min ago	3.30 bp	8.7 bp −$9	13.4 bp −$134	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.17	+0.036%	$345K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.06	−0.004%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.80	−0.099%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.94	−0.047%	$1.7M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.09	+0.007%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.16	+0.033%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.72	−0.128%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.93	−0.051%	$250K	$380K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	273.83	−0.088%	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	273.87	−0.073%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0073%	1h	274.00	−0.026%	$1.3M	$3.8M	10x	as long as short
Binance BEUSDTlong	+0.0087%	8h	274.07	long leg	$8.5M	$37.0M	25x
Extended BE-USD	+0.0088%	1h	274.02	−0.018%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.25	+0.066%	$470K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.80	−0.099%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.02	−0.018%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0123%	8h	274.11	+0.013%	$7K	$184K	10x	as long as short
tradeXYZ xyz:BE	+0.0126%	1h	273.83	−0.088%	$5.9M	$2.9M	10x	as long as short
BloFin BE-USDT	+0.0197%	8h	274.11	+0.015%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0230%	8h	274.28	+0.077%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0809%	1h	274.05	−0.007%	$7K	$4K	10x	as long as short