F&G 57 · Greed
BTC.D 59.06% +0.22%
ETH.D 11.48% -0.06%
MCAP $2.66T +1.53%
Altcoins $43.59B
Stablecoins $67.19B
Derivatives $624.07B
@justscreeneren
EN RU
Get started
Cross-Exchange Funding Arbitrage

When Binance pays and Bybit charges,
pocket the spread.

A funding-rate gap between any two of 9 exchanges is a direction-arb setup: short the leg that pays, long the leg that charges, collect the spread three times a day. We watch every pair, every venue, every minute — and ping you the moment a spread crosses your threshold.

Set up free Read sentiment guide
SHORT (high funding)
Binance
+0.15%
20 bps
Spread
LONG (low funding)
Bybit
−0.05%
Reading: Binance longs are paying 0.15% to Bybit shorts. Hedge for ~0.20% net per 8h funding cycle, three cycles a day.

Three ways the arb fires

Direction arbitrage

Exchange A funding ≥ +0.05% AND Exchange B ≤ −0.05% on the same pair → short A / long B.

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 signal. You only see arbitrage you can actually close.

Funding Screener  ·  Open Interest Screener  ·  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 — read on a phone in a second. 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.

BTC/USDT Funding arbitrage

Bybit Futures / Binance Futures

Funding spread between exchanges 15.0 bps (0.1500%) Annualized, if the spread holds 164 Short leg, you receive — Bybit: +0.2000% Long leg, you pay less — Binance: +0.0500% Open interest $412.6M

24h $63,100 — $65,800 · now $64,950

Signal breakdown

Positions

Legs
short Bybit +0.2000% / long Binance +0.0500%
Spread
15.0
Open interest, total
$412.6M

Indicators

1h RSI
52
vs daily SMA200
+3.10%
vs 1h SMA50
+1.20%
Daily RSI
55
Volume vs average
×0.90
Candles from
Binance · futures

Events

Close in time: futures listing on Binance, 12 min ago

14.09.2026, 14:37

The full card stays in the feed

The same numbers with labels, plus the signal breakdown in subsections — in a message it takes at most four lines, because people read it on a phone, while a card has room. 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

    One line in words — exactly the one that goes to the messenger. The wording is shared, so comparing the message and the card you are reading 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 funding rate, the long-to-short skew.

  4. 4
    Signal breakdown

    The layers a trader would check by hand anyway: the indicators at the moment of firing, the share of the market that moved the same way, the premium on the Korean exchanges and the nearest exchange announcement in time. Screeners carry different sets of layers — the example shows which ones this screener has.

  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.

The example uses the real wording of the service; the numbers in it are invented. How to read a signal breakdown

10
exchanges monitored
Binance · Bybit · OKX · and 7 more
14,833+
instruments swept
5,796 futures · 9,037 spot
21 M
quote checks per day
Every instrument, every sweep
1.7s
full market sweep
Median over 24h, all venues at once
0.6%
of checks produced a signal
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"?

15 bps (0.15%) is typically the floor — after maker fees you net ~10-12 bps per 8h cycle, ~36 bps/day. 25 bps is comfortable. 50+ bps is rare but high-conviction.

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 modest here, but both legs fill without slippage.

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 signals than any other preset, but only on pairs where the trade is actually possible.

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, but the gap sits well above the fees on two legs. 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: the five most traded coins at a 2 bps threshold. Gaps on them are narrow, but both legs fill instantly. 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 signal you get.

  • Minimum current open interest Skip coins with low OI to avoid signals on micro-caps with no real positions.
  • Minimum current 24h turnover Cut out illiquid pairs — only get signals 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 signals on any screener.
  • Max signals per coin per interval (15 min – 24 h) Anti-spam by ticker: cap how many signals one coin can generate over your chosen window.

One tap from notification to chart

Each alert can include one-click links to TradingView, Coinglass, 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.

  • TradingView The coin's chart in TradingView, ready for analysis.
  • Coinglass Derivatives analytics — OI, funding, liquidations across all venues.
  • Coin page · spot exchange Direct link to the coin's spot trading page on the exchange where the signal fired.
  • Coin page · futures exchange Direct link to the coin's futures trading page on the exchange where the signal fired.
  • Coin page · JustScreener Live page on JustScreener with price, OI, funding and 24h turnover side-by-side.

Stop watching charts.
Start trading the signals.

Get started free