Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1069%/8h= −117.0% APRpaid last 24h −0.183%

Price spread now: BingX against Bybit+0.102%7-day average −0.667% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs+$8as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 7 days−0.208%−$21 · spread now +0.102%, 7d avg −0.667%

Together, before fees−0.453%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.769% dearer against Bybit than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.667%): +$77 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.245% in total) that is about 22 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% 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	Bybit AKEUSDT	0.05757	0.1941	pay 0.0243% / 1h	32m 07s	$18.3M	$176.8M	25x
Short	BingX AKE-USDT	0.05763	0.0872	get 0.0436% / 4h	2h 32m	—	$10.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$224.46
Price spread: +0.102% → −0.667%: $76.93
Slippage, 4 orders: −$47.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$215.98
Costs to cover: 0.685%
Break-even: from the start

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 6 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 Bybit live order book, 2 min ago	0.09 bp	17.6 bp −$18	72.4 bp −$724	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	1.48 bp	13.4 bp −$13	35.2 bp −$352	288.0 bp −$28.8K	974.6 bp −$487.3K

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	0.05758	+0.017%	$720K	$3.6M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05758	+0.012%	—	$734K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05763	+0.102%	$167K	$1.2M	10x	as long as short
Binance AKEUSDT	+0.0278%	4h	0.05757	0.000%	$29.9M	$470.6M	10x	as long as short
Extended AKE-USD	+0.0280%	1h	0.05759	+0.030%	$78K	$167K	5x	as long as short
edgeX 1000AKEUSDC	+0.0280%	4h	0.05769	+0.210%	$254K	$1.3M	5x	as long as short
MEXC AKE_USDT	+0.0282%	4h	0.05761	+0.071%	$16.4M	$34.6M	20x	as long as short
KuCoin AKEUSDTM	+0.0300%	4h	0.05762	+0.079%	$8.2M	$40.5M	10x	as long as short
OKX AKE-USDT-SWAP	+0.0429%	4h	0.05752	−0.090%	$5.0M	$435.7M	20x	as long as short
Bitget AKEUSDT	+0.0620%	4h	0.05763	+0.094%	$2.2M	$39.9M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDTshort	+0.0872%	4h	0.05763	+0.102%	—	$10.7M	—
Gate AKE_USDT	+0.0918%	4h	0.05765	+0.131%	$5.6M	$75.2M	25x	as long as short
Variational Omni AKE	+0.1670%	1h	0.05778	+0.369%	$166K	$628K	—	as long as short
Bybit AKEUSDTlong	+0.1941%	1h	0.05757	long leg	$18.3M	$176.8M	25x