Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.010%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.010%, 7d avg +0.022%

Together, before fees−0.008%−$1 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: Binance is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALT-USDT	0.007484	0.0100	pay 0.0050% / 4h	2h 13m	—	$1.3M	—
Short	Binance ALTUSDT	0.007483	0.0100	get 0.0050% / 4h	2h 13m	$2.6M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.022%: −$3.17
Slippage, 4 orders: −$92.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$116
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Binance: live order book, 8 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, 2 min ago	9.35 bp	26.0 bp −$26	80.5 bp −$805	587.0 bp −$58.7K	830.7 bp −$415.3K
Sell Binance live order book, 8 min ago	0.67 bp	29.0 bp −$29	117.0 bp −$1,170	doesn't fit	doesn't fit

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
Variational Omni ALT	−0.0326%	4h	0.007473	−0.145%	$4K	$12K	—	as long as short
Bybit ALTUSDT	−0.0302%	4h	0.007474	−0.134%	$1.2M	$1.6M	25x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007488	+0.053%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.376%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0050%	4h	0.007491	+0.094%	$172K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007478	−0.080%	$1.1M	$187K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007483	−0.010%	$2.6M	$3.5M	50x
Gate ALT_USDT	+0.0100%	8h	0.007484	0.000%	$51K	$418K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007483	−0.013%	$400K	$197K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007489	+0.067%	$150K	$22K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007486	+0.027%	$615K	$100K	50x	as long as short
BingX ALT-USDTlong	+0.0100%	4h	0.007484	long leg	—	$1.3M	—
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007492	+0.112%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.374%	$14K	$3K	50x	as long as short