Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.022%

Price spread now: Binance against Coinbase International+0.003%7-day average +0.304% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now +0.003%, 7d avg +0.304%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.301% cheaper against Coinbase International than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.304%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	267.79	0.0016	pay 0.0002% / 1h	27m 51s	$458K	$129K	10x
Short	Binance BEUSDT	267.80	0	get 0.0000% / 8h	7h 27m	$8.0M	$37.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.003%Rate

Funding earned: −$3.36
Price spread: +0.003% → +0.304%: −$30.14
Slippage, 4 orders: −$25.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.24
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 14 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 Coinbase International live order book, 5 min ago	6.34 bp	13.1 bp −$13	23.4 bp −$234	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.30 bp	8.0 bp −$8	43.0 bp −$430	103.1 bp −$10.3K	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
GRVT BE_USDT_Perp	−0.0697%	8h	268.13	+0.128%	$6K	$151K	10x	as long as short
Gate BE_USDT	−0.0268%	8h	267.50	−0.108%	$1.3M	$3.3M	50x	as long as short
Aster BEUSDT	0.0000%	8h	267.64	−0.056%	$338K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	267.70	−0.035%	$45K	$383K	10x	as long as short
Binance BEUSDTshort	0.0000%	8h	267.80	+0.003%	$8.0M	$37.6M	25x
Bybit BEUSDT	0.0000%	8h	267.70	−0.034%	$1.9M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	267.89	+0.037%	$2.5M	$6.8M	25x	as long as short
Bitget BEUSDT	0.0000%	8h	267.67	−0.045%	$1.6M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	267.73	−0.022%	$1K	$2.2M	10x	as long as short
HTX BE-USDT	0.0000%	8h	268.00	+0.078%	$12K	$35K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0012%	1h	267.37	−0.157%	$1.3M	$2.2M	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0016%	1h	267.79	long leg	$458K	$129K	10x
Lighter BE	+0.0032%	1h	267.43	−0.134%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	267.43	−0.134%	$242K	$304K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	267.41	−0.142%	$111K	$93K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	267.32	−0.176%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	267.55	−0.090%	$5.8M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	267.60	−0.071%	$348K	$73K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	267.58	−0.078%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	267.78	−0.004%	$46K	$147K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0647%	1h	267.70	−0.034%	$6K	$4K	10x	as long as short