Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.007%

Price spread now: Binance against Arcus+0.143%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 2 days (all we have)+0.013%+$1 · spread now +0.143%, 7d avg +0.116%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.027% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	274.64	0.0040	pay 0.0005% / 1h	54m 47s	$115K	$109K	10x
Short	Binance BEUSDT	275.03	0.0086	get 0.0086% / 8h	5h 54m	$8.4M	$36.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.143%Rate

Funding earned: $9.64
Price spread: +0.143% → +0.116%: $2.69
Slippage, 4 orders: −$28.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.97
Costs to cover: 0.433%
Break-even: 29.5 days

Slippage from Arcus: live order book, 8 min ago; Binance: live order book, 2 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 Arcus live order book, 8 min ago	4.74 bp	12.2 bp −$12	20.3 bp −$203	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.82 bp	12.5 bp −$12	22.3 bp −$223	90.5 bp −$9,053	doesn't fit

BE on 20 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 BEUSDT	0.0000%	8h	274.81	+0.063%	$346K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	275.19	+0.200%	$2.0M	$1.1M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.70	+0.022%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.95	+0.113%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.89	+0.089%	$7K	$167K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.04	+0.146%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.11	+0.171%	$13K	$34K	20x	as long as short
QFEX BE-USD	+0.0012%	1h	275.09	+0.164%	$1.3M	$3.0M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	273.08	−0.568%	$473K	$130K	10x	as long as short
Lighter BE	+0.0032%	1h	274.85	+0.076%	—	—	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	274.98	+0.124%	$251K	$289K	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	274.64	long leg	$115K	$109K	10x
Vest BE-USD-PERP	+0.0046%	1h	275.02	+0.138%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.86	+0.080%	$5.9M	$2.8M	10x	as long as short
Binance BEUSDTshort	+0.0086%	8h	275.03	+0.143%	$8.4M	$36.2M	25x
Extended BE-USD	+0.0088%	1h	274.90	+0.096%	$46K	$262K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.89	+0.091%	$371K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.96	+0.116%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0144%	8h	275.00	+0.131%	$2.6M	$6.7M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0478%	1h	275.03	+0.142%	$7K	$4K	10x	as long as short