Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Bybit−0.010%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.010%, 7d avg −0.046%

Together, before fees+0.029%+ Points / potential airdroptradeXYZ: Active · farm board+$3 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 0.036% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	898.64	0	get 0.0000% / 8h	5h 21m	$491K	$218K	25x
Short	tradeXYZ xyz:COST	898.55	0.0050	get 0.0006% / 1h	21m 50s	$1.8M	$515K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. 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 BybitbpFee tradeXYZbpOrdersPrice spread, now −0.010%Rate

Funding earned: $10.5
Price spread: −0.010% → −0.046%: $3.57
Slippage, 4 orders: −$65.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$80.28
Costs to cover: 0.944%
Break-even: 60.5 days

Slippage from Bybit: live order book, 33 min ago; tradeXYZ: live order book, 5 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 Bybit live order book, 33 min ago	8.06 bp	14.4 bp −$14	48.1 bp −$481	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.44 bp	10.8 bp −$11	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	898.85	+0.023%	$45K	$178	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	898.64	long leg	$491K	$218K	25x
OKX COST-USDT-SWAP	0.0000%	8h	899.86	+0.136%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.89	+0.028%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.91	+0.030%	$403K	$102K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.30	−0.038%	$1K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.52	+0.209%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.59	−0.006%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.741%	$2K	$28K	12x	as long as short
Variational Omni COST	+0.0037%	8h	898.64	0.000%	$42K	$17K	—	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	898.25	−0.043%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.44	−0.022%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	898.55	−0.010%	$1.8M	$515K	20x
KuCoin COSTUSDTM	+0.0100%	8h	898.20	−0.049%	$48K	$873K	20x	as long as short
Binance COSTUSDT	+0.0138%	8h	898.81	+0.019%	$1.1M	$930K	20x	as long as short