Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1257%/8h= −137.6% APRpaid last 24h −1.538%

Price spread now: Binance against Bybit+0.007%7-day average −0.519% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$1061.059% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.007%, 7d avg −0.519%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.526% dearer against Bybit than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.519%): +$53 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.320% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.320% in total (about -16.7% 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	Bybit AKEUSDT	0.05492	0.1650	pay 0.0206% / 1h	28m 14s	$17.9M	$185.0M	25x
Short	Binance AKEUSDT	0.05492	0.0393	get 0.0196% / 4h	2h 28m	$27.8M	$511.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpOrdersPrice spread, now +0.007%Rate

Funding earned: −$263.95
Price spread: +0.007% → −0.519%: $52.55
Slippage, 4 orders: −$84.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$317.33
Costs to cover: 1.059%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 16 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 Bybit live order book, 1 min ago	0.55 bp	35.9 bp −$36	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.05 bp	14.2 bp −$14	71.9 bp −$719	doesn't fit	doesn't fit

AKE 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 AKEUSDT	+0.0100%	1h	0.05479	−0.237%	$624K	$3.8M	5x	as long as short
SunX AKE-USDT	+0.0100%	1h	0.05488	−0.075%	—	$685K	10x	as long as short
HTX AKE-USDT	+0.0100%	1h	0.05468	−0.433%	$164K	$1.8M	10x	as long as short
Bitget AKEUSDT	+0.0136%	1h	0.05505	+0.249%	$2.1M	$47.6M	10x	as long as short
KuCoin AKEUSDTM	+0.0278%	4h	0.05489	−0.042%	$8.0M	$45.1M	10x	as long as short
edgeX 1000AKEUSDC	+0.0390%	4h	0.05626	+2.453%	$245K	$1.3M	5x	as long as short
Extended AKE-USD	+0.0392%	1h	0.05495	+0.068%	$75K	$444K	5x	as long as short
Binance AKEUSDTshort	+0.0393%	4h	0.05492	+0.007%	$27.8M	$511.1M	10x
MEXC AKE_USDT	+0.0406%	4h	0.05492	−0.001%	$12.9M	$37.0M	20x	as long as short
BingX AKE-USDT	+0.0976%	4h	0.05497	+0.101%	—	$10.6M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AKE-USDT-SWAP	+0.0983%	4h	0.05505	+0.243%	$4.8M	$465.0M	20x	as long as short
Gate AKE_USDT	+0.1034%	4h	0.05492	+0.009%	$5.8M	$85.6M	25x	as long as short
Bybit AKEUSDTlong	+0.1650%	1h	0.05492	long leg	$17.9M	$185.0M	25x
Variational Omni AKE	+0.1890%	1h	0.05619	+2.313%	$159K	$843K	—	as long as short