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

BX

RWAall BX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.003%
Price spread now: tradeXYZ against Bybit+0.016%7-day average −0.071% · you sell dearer than you buy
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+0.118%+$12 on $10k
Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.016%, 7d avg −0.071%
Together, before fees+0.041%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.087% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BXUSDT126.470get 0.0000% / 8h7h 59m$481K$805K25x
ShorttradeXYZ xyz:BX126.490.0154get 0.0019% / 1h59m 20s$665K$255K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$32.41
Price spread: +0.016% → −0.071%
$8.71
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$12.11
Costs to cover
0.290%
Break-even
4.4 days
Slippage unknown: Bybit: live order book, 36 min ago; tradeXYZ: live order book, 57 min ago. 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 Bybit live order book, 36 min ago3.95 bp89.8 bp −$90227.4 bp −$2,274doesn't fitdoesn't fit
Sell tradeXYZ live order book, 57 min ago3.17 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

BX on 14 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
Aster BXUSDT0.0000%8h126.35−0.095%$5K$86820xas long as short
Bybit BXUSDTlong0.0000%8h126.47long leg$481K$805K25x
OKX BX-USDT-SWAP0.0000%8h126.62+0.119%$164K$115K20xas long as short
QFEX BX-USD0.0000%1h126.93+0.364%$1.1M$1.4M10xas long as short
Gate BX_USDT0.0000%8h126.72+0.198%$422K$24K20xas long as short
Bitget BXUSDT0.0000%8h126.69+0.174%$901K$27K20xas long as short
Variational Omni BX0.0000%8h126.64+0.133%$43K$12Kas long as short
SunX BX-USDT0.0000%8h126.66+0.150%$1K$305K10xas long as short
HTX BX-USDT0.0000%8h126.72+0.198%$7K$4K20xas long as short
Binance BXUSDT+0.0026%8h126.65+0.144%$773K$506K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BXUSDTM+0.0100%8h126.46−0.008%$111K$772K20xas long as short
tradeXYZ xyz:BXshort+0.0154%1h126.49+0.016%$665K$255K10x
Injective BX/USDC PERP+0.0220%1h138.74+9.702%$4K$31K12xas long as short
GRVT BX_USDT_Perp+0.0332%8h126.68+0.164%$1K$101K10xas long as short