Cross-Exchange Funding Rate Arbitrage
fetches the current perpetual funding rate from Binance and Bybit for the same base asset, computes the spread between the two, and optionally sends a Telegram alert when the spread meets or exceeds your threshold (for funding-rate arbitrage awareness).
Config
-
Symbol (base asset) (required): Base asset to compare (e.g. BTC, ETH). The workflow uses the corresponding perpetual on each exchange (e.g. BTC/USDT on Binance, BTCUSDT on Bybit). Example:
BTC. -
Min spread to alert (%) (optional, default: 0.01): Alert only when the absolute difference between the two funding rates is at least this many percentage points. Example:
0.01. Lower values alert more often; higher values only when the spread is larger. -
Alert method (optional, default: telegram): How to notify when the spread meets the threshold. Options:
telegram(send to Telegram if configured),none(no notification, only log and output). -
Binance API (required): Used to fetch Binance perpetual funding rates.
-
Bybit API (required): Used to fetch Bybit perpetual funding rates.
-
Telegram (optional): If you choose telegram as alert method, configure this so alerts are sent to your chat.
Logic
- Read symbol base, min spread, and alert method; ensure both exchange credentials are available.
- Fetch current funding rates from Binance and Bybit in parallel for the chosen symbol.
- Compute the absolute spread between the two rates (as a percentage). Determine which exchange has the lower rate (suggested long leg) and which the higher (suggested short leg).
- If the spread is at or above the min spread and alert method is telegram and Telegram is configured, send one message with symbol, spread, rates, suggested long/short exchanges, and threshold.
- Finish and report symbol, both rates, spread, whether the threshold was met, suggested long/short exchanges, and whether an alert was sent.
When it stops: After one run.
If something fails: If fetching either rate or sending the alert fails, the error propagates and the workflow ends.
Tip: This executable workflow was automatically generated by SeamFlux Bot. To use it, create an execution and test it with your data to ensure it meets your needs.
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