Funding arb · Price arb /

API3

all API3 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+0.020%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1171.170% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.029%+$3 · spread now +0.020%, 7d avg +0.042%

Together, before fees+0.043%+$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 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance API3USDT	0.2626	0.0100	pay 0.0050% / 4h	6m 37s	$2.6M	$2.0M	50x
Short	BingX API3-USDT	0.2627	0.0100	get 0.0050% / 4h	6m 37s	—	$6.7M	—

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 +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.042%: −$2.21
Slippage, 4 orders: −$96.97
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$119.18
Costs to cover: 1.170%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 6 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, 14 min ago	1.91 bp	26.6 bp −$27	195.2 bp −$1,952	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	7.61 bp	33.9 bp −$34	101.2 bp −$1,012	450.1 bp −$45.0K	498.6 bp −$249.3K

API3 on 12 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
Aster API3USDT	+0.0100%	4h	0.2626	0.000%	$2K	$3K	5x	as long as short
Binance API3USDTlong	+0.0100%	4h	0.2626	long leg	$2.6M	$2.0M	50x
Bybit API3USDT	+0.0100%	4h	0.2629	+0.096%	$990K	$413K	25x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2627	+0.020%	$652K	$509K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2630	+0.134%	$126K	$113K	50x	as long as short
MEXC API3_USDT	+0.0100%	4h	0.2626	−0.018%	$465K	$275K	50x	as long as short
KuCoin API3USDTM	+0.0100%	4h	0.2627	+0.020%	$1.0M	$243K	30x	as long as short
Bitget API3USDT	+0.0100%	4h	0.2626	−0.018%	$655K	$197K	20x	as long as short
BingX API3-USDTshort	+0.0100%	4h	0.2627	+0.020%	—	$6.7M	—
Variational Omni API3	+0.0100%	4h	0.2631	+0.154%	$6K	$1	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin API3-USDT	+0.0141%	4h	0.2628	+0.058%	$135K	$28K	50x	as long as short
Kraken Futures PF_API3USD	+0.2720%	1h	0.2633	+0.259%	$13K	$3K	10x	as long as short