Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: BingX against Bybit−0.013%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1071.069% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.035%−$4 · spread now −0.013%, 7d avg +0.012%

Together, before fees+0.041%+$4 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 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007570	0.0100	pay 0.0050% / 4h	2h 41m	$1.2M	$1.8M	25x
Short	BingX ALT-USDT	0.007569	0.0100	get 0.0050% / 4h	2h 41m	—	$1.3M	—

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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.012%: −$2.55
Slippage, 4 orders: −$85.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$109.47
Costs to cover: 1.069%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 9 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, 5 min ago	3.30 bp	31.2 bp −$31	144.0 bp −$1,440	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.59 bp	27.3 bp −$27	65.6 bp −$656	565.3 bp −$56.5K	798.9 bp −$399.4K

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	−0.0541%	1h	0.007577	+0.092%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	−0.0472%	1h	0.007576	+0.083%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.598%	$837	$4K	5.5x	as long as short
Variational Omni ALT	+0.0075%	4h	0.007581	+0.148%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007570	0.000%	$1.1M	$138K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007574	+0.053%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007570	long leg	$1.2M	$1.8M	25x
Gate ALT_USDT	+0.0100%	8h	0.007567	−0.040%	$48K	$374K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007576	+0.079%	$380K	$171K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007579	+0.119%	$145K	$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	0.007572	+0.026%	$611K	$128K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007569	−0.013%	—	$1.3M	—
BloFin ALT-USDT	+0.0104%	4h	0.007577	+0.092%	$172K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0408%	1h	0.007691	+1.598%	$14K	$3K	50x	as long as short