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 Bitget−0.038%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

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

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.038%, 7d avg +0.041%

Together, before fees+0.037%+$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 0.079% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget API3USDT	0.2612	0.0100	pay 0.0050% / 4h	1h 42m	$655K	$202K	20x
Short	BingX API3-USDT	0.2611	0.0100	get 0.0050% / 4h	1h 42m	—	$6.7M	—

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 −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.041%: −$7.93
Slippage, 4 orders: −$95
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$124.93
Costs to cover: 1.170%
Break-even: never at this rate

Slippage from Bitget: live order book, 18 min ago; BingX: live order book, 10 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 Bitget live order book, 18 min ago	3.84 bp	30.7 bp −$31	218.8 bp −$2,188	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	7.64 bp	30.7 bp −$31	78.3 bp −$783	458.1 bp −$45.8K	517.6 bp −$258.8K

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	0.2612	+0.019%	$2K	$3K	5x	as long as short
Binance API3USDT	+0.0100%	4h	0.2610	−0.072%	$2.6M	$2.0M	50x	as long as short
Bybit API3USDT	+0.0100%	4h	0.2614	+0.077%	$992K	$394K	25x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2613	+0.038%	$649K	$506K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2612	0.000%	$126K	$103K	50x	as long as short
MEXC API3_USDT	+0.0100%	4h	0.2612	0.000%	$482K	$259K	50x	as long as short
KuCoin API3USDTM	+0.0100%	4h	0.2610	−0.077%	$1.0M	$271K	30x	as long as short
Bitget API3USDTlong	+0.0100%	4h	0.2612	long leg	$655K	$202K	20x
BingX API3-USDTshort	+0.0100%	4h	0.2611	−0.038%	—	$6.7M	—
Variational Omni API3	+0.0100%	4h	0.2606	−0.247%	$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	+0.0113%	4h	0.2610	−0.077%	$136K	$28K	50x	as long as short
Kraken Futures PF_API3USD	+0.0552%	1h	0.2614	+0.064%	$13K	$2K	10x	as long as short