Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.007%

Price spread now: Bybit against tradeXYZ+0.143%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2432.427% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.143%, 7d avg +0.070%

Together, before fees−0.179%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.072% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.070%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.27	0.0049	pay 0.0006% / 1h	10m 31s	$664K	$222K	10x
Short	Bybit BXUSDT	126.45	0	get 0.0000% / 8h	2h 10m	$483K	$803K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$10.3
Price spread: +0.143% → +0.070%: $7.22
Slippage, 4 orders: −$213.68
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$245.77
Costs to cover: 2.427%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 66 min ago; Bybit: live order book, 34 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 tradeXYZ live order book, 66 min ago	1.98 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 34 min ago	1.58 bp	92.3 bp −$92	222.1 bp −$2,221	doesn't fit	doesn't fit

BX on 14 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 BXUSDT	0.0000%	8h	126.31	+0.029%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.45	+0.143%	$776K	$496K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.45	+0.143%	$483K	$803K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.29	+0.016%	$164K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.515%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.45	+0.143%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.119%	$900K	$37K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.43	+0.125%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.39	+0.095%	$877	$106K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.44	+0.135%	$927	$310K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.47	+0.158%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BXlong	+0.0049%	1h	126.27	long leg	$664K	$222K	10x
KuCoin BXUSDTM	+0.0100%	8h	126.24	−0.024%	$114K	$841K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.876%	$4K	$32K	12x	as long as short