Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX−0.116%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

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

costs, in and out, $10k−$1081.077% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.116%, 7d avg −0.029%

Together, before fees+0.094%+$9 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: Bitget is 0.088% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ANIME-USDT	0.003436	0.0100	pay 0.0050% / 4h	3h 05m	—	$6.5M	—
Short	Bitget ANIMEUSDT	0.003432	0.0100	get 0.0050% / 4h	3h 05m	$864K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.029%: −$8.76
Slippage, 4 orders: −$85.72
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$116.48
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 25 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, 6 min ago	1.46 bp	23.0 bp −$23	282.3 bp −$2,823	576.4 bp −$57.6K	doesn't fit
Sell Bitget live order book, 25 min ago	7.40 bp	34.1 bp −$34	246.6 bp −$2,466	doesn't fit	doesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD	−0.0217%	1h	0.003433	−0.098%	$29K	$13K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003433	−0.087%	$302K	$93K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003438	+0.045%	$28K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003436	0.000%	$1.3M	$1.9M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003436	0.000%	$720K	$380K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003435	−0.029%	$449K	$768K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003431	−0.146%	$144K	$53K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003436	0.000%	$195K	$90K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003432	−0.116%	$405K	$90K	20x	as long as short
Bitget ANIMEUSDTshort	+0.0100%	4h	0.003432	−0.116%	$864K	$167K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDTlong	+0.0100%	4h	0.003436	long leg	—	$6.5M	—
Variational Omni ANIME	+0.0100%	4h	0.003435	−0.016%	$12K	$1K	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003435	−0.029%	$839	—	100x	as long as short