Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Bybit against Binance+0.033%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.033%, 7d avg −0.019%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.051% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	902.74	0	get 0.0000% / 8h	1h 19m	$1.1M	$1.0M	20x
Short	Bybit COSTUSDT	903.04	0	get 0.0000% / 8h	1h 19m	$491K	$218K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.019%: $5.14
Slippage, 4 orders: −$41.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.53
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 15 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, 13 min ago	0.05 bp	16.1 bp −$16	62.5 bp −$625	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	8.03 bp	15.7 bp −$16	166.4 bp −$1,664	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	903.04	+0.033%	$45K	$133	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	902.74	long leg	$1.1M	$1.0M	20x
Bybit COSTUSDTshort	0.0000%	8h	903.04	+0.033%	$491K	$218K	25x
OKX COST-USDT-SWAP	0.0000%	8h	902.55	−0.021%	$442K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.54	−0.023%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.41	−0.037%	$401K	$82K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.55	−0.022%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.20	−0.060%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.74	+0.221%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.52	−0.025%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.192%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.498%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.44	−0.034%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.55	−0.021%	$1.8M	$508K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.90	−0.093%	$48K	$904K	20x	as long as short