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Cross-Exchange Funding Arbitrage

When Binance pays and Bybit charges,
there’s a spread between them.

The screener finds coins whose funding rate on two of 9 exchanges has drifted apart by your threshold. You don’t pick coins: we check every pair on every exchange every minute and alert you by push or Telegram.

Set up free Read strategy guide
SHORT (high funding)
Binance
+0.15%
20 bps
Spread
LONG (low funding)
Bybit
−0.05%
Reading: A short on Binance receives 0.15% per period. A long on Bybit receives another 0.05%: the rate there is negative, so shorts pay longs. About 0.20% per 8h cycle together, for as long as the spread holds.

Three ways the arb fires

Direction arbitrage

Exchange A funding ≥ +0.05% and Exchange B ≤ −0.05% on the same pair → the rates are at least 0.1% apart.

Spread expansion

Spread crossed your threshold (e.g. ≥ 15 bps) on a pair where it was tight all week — pre-funding-event entry.

OI floor filter

Spread is real but open interest on one leg is under $1M — no alert. You only see arbitrage you can actually close.

Funding Screener  ·  Open Interest  ·  Read the funding strategy guide

How it works

01

Snapshot per-exchange funding

We pull funding for every USDT-M perpetual on 9 exchanges, every minute — the same per-minute sweep that drives the regular funding screener.

02

Diff every pair vs every venue

For each ticker we find the high and low funding leg across all listed venues. If the gap clears your bps threshold AND OI on the pair is above your floor — it's a candidate.

03

Push the trade — once per cycle

Push or Telegram with the pair, both legs, spread in bps and the OI snapshot. 8-hour cooldown per pair — no spam between funding events.

What arrives when the screener fires

One firing, two shapes. The messenger gets the short form: pair, window, venue and numbers. The feed on the site lays the same coin out line by line and puts the breakdown underneath: where in the indicators the move happened, whether one coin moved or the whole market, what the premium on the Korean exchanges was doing, and whether an exchange announcement landed close in time.

SAND/USDT Funding arbitrage
spread 197.24 bps (1.97) Annualized, if the spread holds +2,159.78% Short leg, you receive −0.6676% Long leg, you pay less −2.6400% Open interest $6.3M Price $0.06205 24h $0.04233 — $0.06275

Breakdown

After past alerts ±1.9%

How far the price typically moved within 1h after past alerts, up or down: 9 over 30 d

24h turnover $1.3B

Liquid coin: the move is hard to fake

All indicators (6)
1h RSI
91 Overbought zone: price rose fast and pulled away from recent levels
From the 200-day average
−21.39% Below the 200-day average: long-term trend is down
From the 50-hour average
+32.35% Well above the 50-hour average: a sharp jump up
Daily RSI
61 Neutral zone: neither overheated nor sold off
Volume vs average
×73.28 Volume is 73.3× the usual: a lot of money is in the move
Indicators from the chart of
Binance · futures

Close in time: delisting on Upbit, 2 h ago

02.10.2026, 08:33

The full card stays in the feed

The same numbers, links to the chart and the exchange, and below them the breakdown: what happened after past alerts on the coin, how often it fires, how liquid it is and what each number means, in words. A card can be starred, commented on, filtered by coin or screener, and come back to a week later.

  1. 1
    Coin, screener and time

    Which pair, which screener found it and how many minutes ago. If the move continues, cards do not pile up: repeats are merged into this one with a counter.

  2. 2
    What actually happened

    The message lines, each with an icon for what it means — the same wording that goes to the messenger. Comparing the message and the card, you read the same thing.

  3. 3
    The numbers behind the firing

    The metrics the condition fired on and the ones next to them: change in price, open interest and volume, the current price within the daily range. The exchange name links to the pair, the links below the numbers open the chart.

  4. 4
    Alert breakdown

    On top, the answer to "is it worth a look": what happened to the coin after past alerts from this screener, how often it fires and how liquid it is. Below, under "All indicators": positions, funding, indicators, market share and the Korean premium, each number with a plain-words conclusion. The set differs by screener — the example shows this one.

  5. 5
    What you can do with a card

    Star it, leave a comment, add a reaction, open the coin, or collapse the feed by coin — to see which pair several screeners agreed on over the period.

How to read an alert breakdown

10
exchanges monitored
Binance · Bybit · OKX · and 7 more
7,157
trading pairs every minute
Spot and futures on 10 exchanges
1.8s
full market sweep
All exchanges at once
0.7%
of checks were a hit
Over 24h, at our users' current thresholds

Frequently asked questions

How is this different from the regular Funding screener?

The regular Funding screener alerts on a single venue ("Binance funding crossed +0.05%"). The arb screener compares funding across all 9 venues simultaneously and alerts only when there is a tradable gap between two of them — a different, delta-neutral setup.

What spread is "interesting"?

12 bps (0.12%) is the threshold in the ready-made presets: smaller gaps are usually eaten by fees. 25 bps is a notable gap, 50+ bps is rare. Compare rates with each exchange's funding interval in mind.

Will the alert tell me which leg to short?

Yes — the notification names the short leg (high funding, you receive) and the long leg (low/negative funding, you pay less or also receive). It's a delta-neutral setup as long as the spread persists.

How long does an opportunity stay open?

Until the next funding event, typically 8 hours. After that, the spread is reset for the new cycle. We send one alert per pair per 8h window — you have time to size and place orders.

Set up your funding-arb screener →
READY-MADE PRESETS

Start from a preset

Liquid majors

from 12 bps · top 100 by turnover
Preset logic

Logic: only the top 100 pairs by 24h turnover, with high liquidity floors — open interest from $10M, turnover from $25M. Rate gap from 12 bps. The gaps are more modest here, but the pair has a deep market on both exchanges.

Apply preset

Wide scan

from 12 bps · every pair
Preset logic

Logic: every available pair, gap from 12 bps, open interest from $3M, turnover from $5M. The gap must also hold for three minutes straight — on thin pairs predicted rates jitter minute to minute. More hits than any other preset; the liquidity floors drop pairs where trading on one of the exchanges has all but stopped.

Apply preset

Wide gaps only

from 40 bps · top 100 by turnover
Preset logic

Logic: the threshold is raised to 40 bps — 0.4% per funding settlement. Rare hits, only on clearly visible rate gaps. Top 100 by turnover, open interest from $5M, turnover from $10M.

Apply preset

My own watchlist

from 2 bps · SOL, DOGE, WIF, SUI, FARTCOIN
Preset logic

Logic: five popular coins at a 2 bps threshold. On coins like these exchange rates nearly match, and a higher threshold would never fire. 2 bps means "a gap has appeared", not "the gap covers the fees". Edit the list in the settings; open interest from $5M, turnover from $10M.

Apply preset

Additional filters · same for every screener

Five noise-reducers that sit alongside the screener parameters. Tune them once and forget — they apply to every alert you get.

  • Minimum current open interest Skip coins with low OI to avoid alerts on micro-caps with no real positions.
  • Minimum current 24h turnover Cut out illiquid pairs — only get alerts on coins with real trading activity.
  • Watch only my Favorites Limit the scan to the coins you starred — useful when you trade a focused list.
  • Skip blocked coins Permanently exclude coins from your blocklist — they will not generate alerts on any screener.
  • Max alerts per coin per interval (15 min – 24 h) Anti-spam by ticker: cap how many alerts one coin can generate over your chosen window.

One tap from notification to chart

Each alert can include a link to the chart, the coin's spot and futures pages on the exchange, and the coin's page on JustScreener — so you go from notification to chart in a single tap.

  • Chart An external chart of the coin, ready for analysis.
  • Coin page · spot exchange Direct link to the coin's spot trading page on the exchange where the alert fired.
  • Coin page · futures exchange Direct link to the coin's futures trading page on the exchange where the alert fired.
  • Coin page · JustScreener Live page on JustScreener with price, OI, funding and 24h turnover side-by-side.

Let the screener find the coins.
Set your conditions once — the screener checks the market every minute and sends the coins where a move has started.

Get started free