Funding arb · Price arb /

HYUNDAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h +0.073%

Price spread now: Bybit against Binance+0.010%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1641.642% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.010%, 7d avg +0.044%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.034% cheaper against Binance than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.044%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.157% in total) that is about 36 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYUNDAIUSDT	266.66	0	get 0.0000% / 4h	3h 03m	$1.8M	$1.6M	25x
Short	Bybit HYUNDAIUSDT	266.69	0.0301	get 0.0301% / 8h	3h 03m	$151K	$74K	25x

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 +0.010%Rate

Funding earned: $63.26
Price spread: +0.010% → +0.044%: −$3.41
Slippage, 4 orders: −$143.2
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.36
Costs to cover: 1.642%
Break-even: 18.5 days

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 31 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, 15 min ago	3.00 bp	18.6 bp −$19	89.3 bp −$893	doesn't fit	doesn't fit
Sell Bybit live order book, 31 min ago	1.68 bp	83.0 bp −$83	180.2 bp −$1,802	doesn't fit	doesn't fit

HYUNDAI on 12 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 HYUNDAIUSDT	0.0000%	4h	266.72	+0.021%	$10K	$1K	20x	as long as short
Binance HYUNDAIUSDTlong	0.0000%	4h	266.66	long leg	$1.8M	$1.6M	25x
Gate HYUNDAI_USDT	0.0000%	4h	266.50	−0.062%	$713K	$1.0M	25x	as long as short
SunX HYUNDAI-USDT	0.0000%	4h	266.54	−0.047%	$786	$662K	10x	as long as short
HTX HYUNDAI-USDT	0.0000%	4h	266.83	+0.062%	$7K	$32K	20x	as long as short
Phemex HYUNDAIUSDT	0.0000%	8h	266.61	−0.020%	$2.3M	$110K	10x	as long as short
KuCoin HYUNDAIUSDTM	+0.0100%	4h	266.36	−0.114%	$338K	$1.3M	20x	as long as short
Bitget HYUNDAIUSDT	+0.0158%	4h	266.71	+0.017%	$835K	$708K	20x	as long as short
Bybit HYUNDAIUSDTshort	+0.0301%	8h	266.69	+0.010%	$151K	$74K	25x
OKX HYUNDAI-USDT-SWAP	+0.0302%	8h	266.57	−0.035%	$133K	$137K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HYUNDAI_USDT_Perp	+0.0570%	4h	266.52	−0.053%	$2K	$136K	10x	as long as short
tradeXYZ xyz:HYUNDAI	+0.1007%	1h	266.60	−0.024%	$998K	$1.4M	10x	as long as short