Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

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 Binance+0.011%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.011%, 7d avg −0.023%

Together, before fees−0.022%−$2 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 0.033% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007502	0.0100	pay 0.0050% / 4h	2h 55m	$2.6M	$3.6M	50x
Short	BingX ALT-USDT	0.007503	0.0100	get 0.0050% / 4h	2h 55m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.023%: $3.31
Slippage, 4 orders: −$58.39
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.08
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BingX: live order book, 5 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 Binance live order book, 11 min ago	1.32 bp	17.9 bp −$18	122.8 bp −$1,228	9099.1 bp −$909.9K	doesn't fit
Sell BingX live order book, 5 min ago	3.99 bp	21.7 bp −$22	56.8 bp −$568	526.8 bp −$52.7K	750.7 bp −$375.3K

ALT 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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007505	+0.037%	—	$0	25x	as long as short
BloFin ALT-USDT	+0.0065%	4h	0.007502	−0.003%	$171K	$10K	50x	as long as short
Variational Omni ALT	+0.0069%	4h	0.007486	−0.212%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007503	+0.011%	$1.1M	$185K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007502	long leg	$2.6M	$3.6M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007500	−0.029%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007499	−0.043%	$51K	$395K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007504	+0.024%	$413K	$182K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007506	+0.051%	$148K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007494	−0.109%	$595K	$113K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDTshort	+0.0100%	4h	0.007503	+0.011%	—	$1.3M	—
Kraken Futures PF_ALTUSD	+0.0210%	1h	0.007507	+0.069%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007598	+1.277%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	+1.357%	$827	$4K	5.5x	as long as short