Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.041%

Price spread now: tradeXYZ against Binance−0.037%7-day average −0.077% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.037%, 7d avg −0.077%

Together, before fees−0.007%+ Points / potential airdroptradeXYZ: Active · farm board−$1 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 tradeXYZ is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	902.86	0	get 0.0000% / 8h	7h 34m	$1.1M	$1.0M	20x
Short	tradeXYZ xyz:COST	902.53	0.0050	get 0.0006% / 1h	34m 06s	$1.8M	$510K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.037%Rate

Funding earned: $10.5
Price spread: −0.037% → −0.077%: $4.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$13.45
Costs to cover: 0.280%
Break-even: 16.0 days

Slippage unknown: Binance: live order book, 13 min ago; tradeXYZ: live order book, 2 min ago. Net counts fees only.

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	0.83 bp	15.1 bp −$15	57.6 bp −$576	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	1.50 bp	doesn't fit	doesn't fit	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	902.99	+0.014%	$45K	$133	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	902.86	long leg	$1.1M	$1.0M	20x
Bybit COSTUSDT	0.0000%	8h	903.00	+0.016%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.42	+0.062%	$442K	$124K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.75	−0.012%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.56	−0.033%	$411K	$85K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.72	−0.016%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.60	−0.029%	$1K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.07	+0.134%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.205%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	901.99	−0.096%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	903.03	+0.019%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.64	−0.024%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	902.53	−0.037%	$1.8M	$510K	20x
KuCoin COSTUSDTM	+0.0100%	8h	902.30	−0.062%	$48K	$935K	20x	as long as short