Settings8H · net · $10k
Funding arb · Price arb /

ALPINE

all ALPINE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.028%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$462as in the Price arb table
costs, in and out, $10k−$4604.598% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.028%, 7d avg −0.004%
Together, before fees−0.001%$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.024% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ALPINEUSDT0.35630.0100pay 0.0050% / 4h3h 42m$157K$29K25x
ShortBingX ALPINE-USDT0.35620.0100get 0.0050% / 4h3h 42m$1.2M

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

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.028% → −0.004%
−$2.43
Slippage, 4 orders
−$438.76
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$462.19
Costs to cover
4.598%
Break-even
never at this rate
Slippage from Bybit: live order book, 12 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 12 min ago9.82 bp132.1 bp −$132doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago7.02 bp41.0 bp −$41137.6 bp −$1,376doesn't fitdoesn't fit

ALPINE on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ALPINEUSDT+0.0100%4h0.3564+0.028%$1.6M$739K10xas long as short
Bybit ALPINEUSDTlong+0.0100%4h0.3563long leg$157K$29K25x
Gate ALPINE_USDT+0.0100%8h0.3555−0.225%$69K$20K25xas long as short
MEXC ALPINE_USDT+0.0100%4h0.3564+0.028%$172K$101K50xas long as short
BingX ALPINE-USDTshort+0.0100%4h0.3562−0.028%$1.2M
Variational Omni ALPINE+0.0100%4h0.3561−0.058%$5K$1as long as short
KuCoin ALPINEUSDTM+0.0434%4h0.3564+0.028%$235K$536K10xas long as short