Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.021%

Price spread now: Coinbase International against Binance−0.142%7-day average −0.304% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.142%, 7d avg −0.304%

Together, before fees+0.177%+$18 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 Coinbase International is 0.162% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.304%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	270.98	0	get 0.0000% / 8h	1h 45m	$8.2M	$37.2M	25x
Short	Coinbase International BE-PERP-INTX	270.59	0.0056	get 0.0007% / 1h	45m 53s	$473K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.142%Rate

Funding earned: $11.76
Price spread: −0.142% → −0.304%: $16.18
Slippage, 4 orders: −$26.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.62
Costs to cover: 0.466%
Break-even: 18.1 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 62 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, 11 min ago	0.92 bp	10.9 bp −$11	29.9 bp −$299	111.6 bp −$11.2K	doesn't fit
Sell Coinbase International live order book, 62 min ago	7.53 bp	12.5 bp −$13	17.3 bp −$173	doesn't fit	doesn't fit

BE on 21 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
Gate BE_USDT	−0.0080%	8h	270.90	−0.028%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	−0.0055%	8h	271.06	+0.031%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.64	+0.246%	$342K	$122K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.00	+0.009%	$46K	$257K	10x	as long as short
Binance BEUSDTlong	0.0000%	8h	270.98	long leg	$8.2M	$37.2M	25x
OKX BE-USDT-SWAP	0.0000%	8h	271.00	+0.009%	$2.6M	$6.8M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.51	+0.196%	$7K	$157K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.48	+0.186%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.16	+0.068%	$12K	$35K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0008%	1h	271.09	+0.042%	$6K	$4K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	270.72	−0.094%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.01	+0.013%	$241K	$297K	10x	as long as short
QFEX BE-USD	+0.0040%	1h	271.18	+0.075%	$1.3M	$2.4M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.24	+0.097%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.12	+0.053%	—	—	10x	as long as short
Bybit BEUSDT	+0.0051%	8h	271.14	+0.061%	$2.0M	$1.1M	25x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0056%	1h	270.59	−0.142%	$473K	$130K	10x
tradeXYZ xyz:BE	+0.0096%	1h	270.80	−0.065%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.04	+0.024%	$366K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.06	+0.030%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.40	+0.157%	$45K	$146K	20x	as long as short