Funding arb · Price arb /

HYUNDAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0988%/8h= −108.2% APRpaid last 24h −0.044%

Price spread now: Binance against tradeXYZ−0.037%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.660%−$66 on $10k

Price spread, last 7 days+0.055%+$5 · spread now −0.037%, 7d avg +0.075%

Together, before fees−0.605%+ Points / potential airdroptradeXYZ: Active · farm board−$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Binance is 0.112% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.660% in total (about -34.4% 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	tradeXYZ xyz:HYUNDAI	269.56	0.0988	pay 0.0123% / 1h	59m 13s	$977K	$1.3M	10x
Short	Binance HYUNDAIUSDT	269.46	0	get 0.0000% / 4h	59m 13s	$1.8M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.037%Rate

Funding earned: −$207.47
Price spread: −0.037% → +0.075%: −$11.2
Slippage, 4 orders: −$42.93
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$289.6
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Binance: live order book, 4 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, 8 min ago	1.66 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.41 bp	17.7 bp −$18	72.6 bp −$726	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	268.95	−0.226%	$10K	$1K	20x	as long as short
Binance HYUNDAIUSDTshort	0.0000%	4h	269.46	−0.037%	$1.8M	$1.4M	25x
Gate HYUNDAI_USDT	0.0000%	4h	269.70	+0.052%	$859K	$853K	25x	as long as short
Bitget HYUNDAIUSDT	0.0000%	4h	269.65	+0.033%	$824K	$556K	20x	as long as short
SunX HYUNDAI-USDT	0.0000%	4h	269.49	−0.026%	$1K	$715K	10x	as long as short
HTX HYUNDAI-USDT	0.0000%	4h	269.77	+0.078%	$8K	$29K	20x	as long as short
Phemex HYUNDAIUSDT	0.0000%	8h	269.46	−0.037%	$2.3M	$103K	10x	as long as short
OKX HYUNDAI-USDT-SWAP	+0.0049%	8h	269.95	+0.145%	$133K	$114K	25x	as long as short
Bybit HYUNDAIUSDT	+0.0146%	8h	269.92	+0.134%	$154K	$69K	25x	as long as short
GRVT HYUNDAI_USDT_Perp	+0.0262%	4h	269.64	+0.031%	$3K	$136K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin HYUNDAIUSDTM	+0.0270%	4h	269.54	−0.007%	$511K	$1.2M	20x	as long as short
tradeXYZ xyz:HYUNDAIlong	+0.0988%	1h	269.56	long leg	$977K	$1.3M	10x