Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+1.1909%/8h= +1304.1% APRpaid last 24h +0.153%

Price spread now: Bybit against BingX−0.126%7-day average +0.665% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$820.816% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.126%, 7d avg +0.665%

Together, before fees+0.404%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.792% cheaper against BingX than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.665%). If the spread goes back, that is −$79 on $10k: about 5 hours of funding at the current rate (+$357 a day). At the pace of the last 7 days (+0.224% in total) that is about 25 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.224% in total (about 11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AKE-USDT	0.05705	0.0452	pay 0.0226% / 4h	57m 24s	—	$11.0M	—
Short	Bybit AKEUSDT	0.05698	1.2361	get 0.1545% / 1h	57m 24s	$17.9M	$180.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee BybitbpOrdersPrice spread, now −0.126%Rate

Funding earned: $2,500.97
Price spread: −0.126% → +0.665%: −$79.16
Slippage, 4 orders: −$60.58
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2,340.23
Costs to cover: 0.816%
Break-even: 0.4 days

Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 2 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 BingX live order book, 11 min ago	0.93 bp	15.6 bp −$16	69.6 bp −$696	444.5 bp −$44.4K	doesn't fit
Sell Bybit live order book, 2 min ago	0.79 bp	26.8 bp −$27	84.3 bp −$843	doesn't fit	doesn't fit

AKE on 14 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 AKEUSDT	+0.0100%	1h	0.05718	+0.226%	$681K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05746	+0.719%	—	$738K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05660	−0.781%	$169K	$1.7M	10x	as long as short
Bitget AKEUSDT	+0.0190%	4h	0.05721	+0.283%	$2.2M	$44.2M	10x	as long as short
edgeX 1000AKEUSDC	+0.0327%	4h	0.05467	−4.179%	$239K	$1.3M	5x	as long as short
Variational Omni AKE	+0.0341%	1h	0.05467	−4.170%	$166K	$676K	—	as long as short
Extended AKE-USD	+0.0392%	1h	0.05726	+0.377%	$78K	$286K	5x	as long as short
MEXC AKE_USDT	+0.0394%	4h	0.05711	+0.112%	$14.8M	$34.9M	20x	as long as short
Gate AKE_USDT	+0.0398%	4h	0.05706	+0.012%	$5.5M	$82.7M	25x	as long as short
KuCoin AKEUSDTM	+0.0402%	4h	0.05713	+0.137%	$8.2M	$43.3M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AKEUSDT	+0.0408%	4h	0.05705	+0.004%	$29.2M	$497.0M	10x	as long as short
BingX AKE-USDTlong	+0.0452%	4h	0.05705	long leg	—	$11.0M	—
OKX AKE-USDT-SWAP	+0.0466%	4h	0.05702	−0.053%	$4.9M	$468.8M	20x	as long as short
Bybit AKEUSDTshort	+1.2361%	1h	0.05698	−0.126%	$17.9M	$180.3M	25x