Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Bybit−0.012%7-day average −0.046% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.012%, 7d avg −0.046%

Together, before fees+0.035%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.033% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	902.82	0	get 0.0000% / 8h	31m 00s	$491K	$91K	25x
Short	tradeXYZ xyz:COST	902.71	0.0050	get 0.0006% / 1h	31m 00s	$1.8M	$509K	20x

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

Position, each leg$Hold fordaysFee BybitbpFee tradeXYZbpOrdersPrice spread, now −0.012%Rate

Funding earned: $10.5
Price spread: −0.012% → −0.046%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.15
Costs to cover: 0.290%
Break-even: 17.1 days

Slippage unknown: Bybit: live order book, 64 min ago; tradeXYZ: live order book, 7 min ago. Net counts fees only.

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 Bybit live order book, 64 min ago	8.03 bp	15.7 bp −$16	15.8 bp −$158	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	902.88	+0.007%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	903.07	+0.028%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	902.82	long leg	$491K	$91K	25x
OKX COST-USDT-SWAP	0.0000%	8h	903.08	+0.029%	$443K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.77	−0.006%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.77	−0.006%	$401K	$82K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.85	+0.003%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.60	−0.024%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	905.00	+0.241%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	902.84	+0.002%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.201%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.506%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.11	−0.079%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	902.71	−0.012%	$1.8M	$509K	20x
KuCoin COSTUSDTM	+0.0100%	8h	902.30	−0.058%	$48K	$906K	20x	as long as short