F&G 29 · Fear
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Cross-Exchange Funding Arbitrage

When Binance pays and Bybit charges,
pocket the spread.

A funding-rate gap between any two of 10 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.

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 OI on one leg is paper-thin ($< 1M)? We skip the alert — you only see arb opportunities you can actually close.

How it works

01

Snapshot per-exchange funding

We pull funding for every USDT-M perpetual on 10 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.

10
exchanges monitored
Binance · Bybit · OKX · +7
3,900+
trading pairs
Futures & spot, USDT-M
402
signals / second
Peak throughput, 24h
2–5s
scan latency
Candle close → all 3,900+ tickers swept

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 10 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.

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.

Stop watching charts.
Start trading moves.