Funding arb · Price arb /

ALT

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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 Bitget+0.091%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.091%, 7d avg +0.070%

Together, before fees−0.003%$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 0.022% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007656	0.0100	pay 0.0050% / 4h	1h 20m	$605K	$106K	50x
Short	BingX ALT-USDT	0.007663	0.0100	get 0.0050% / 4h	1h 20m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.070%: $2.16
Slippage, 4 orders: −$82.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$102.62
Costs to cover: 1.048%
Break-even: never at this rate

Slippage from Bitget: live order book, 40 min ago; BingX: live order book, just now.

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 Bitget live order book, 40 min ago	3.28 bp	29.2 bp −$29	166.1 bp −$1,661	doesn't fit	doesn't fit
Sell BingX live order book, just now	3.26 bp	22.8 bp −$23	72.1 bp −$721	581.1 bp −$58.1K	849.0 bp −$424.5K

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	+0.0011%	1h	0.007662	+0.078%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007604	−0.679%	$827	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007659	+0.039%	$1.1M	$192K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007663	+0.097%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007658	+0.026%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007662	+0.078%	$49K	$400K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007664	+0.104%	$421K	$182K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007657	+0.013%	$152K	$20K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007656	long leg	$605K	$106K	50x
BingX ALT-USDTshort	+0.0100%	4h	0.007663	+0.091%	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007653	−0.038%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0151%	4h	0.007651	−0.065%	$124K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007664	+0.104%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0443%	1h	0.007665	+0.114%	$45K	$8K	10x	as long as short