Funding arb · Price arb /

ATH

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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 +0.015%

Price spread now: BingX against Bybit+0.073%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1281.279% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.073%, 7d avg +0.103%

Together, before fees+0.034%+$3 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 0.030% 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 +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005491	0.0100	pay 0.0050% / 4h	1h 43m	$4.3M	$2.5M	25x
Short	BingX ATH-USDT	0.005495	0.0100	get 0.0050% / 4h	1h 43m	—	$21.7M	—

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 +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.103%: −$3.02
Slippage, 4 orders: −$106.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$130.95
Costs to cover: 1.279%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	5.48 bp	31.9 bp −$32	161.1 bp −$1,611	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.37 bp	35.2 bp −$35	76.5 bp −$765	611.5 bp −$61.2K	957.8 bp −$478.9K

ATH 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_ATHUSD	−0.3213%	1h	0.005490	−0.027%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0112%	4h	0.005477	−0.254%	$184K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005504	+0.236%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005504	+0.235%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005504	+0.243%	$3.3M	$4.1M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005491	long leg	$4.3M	$2.5M	25x
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005495	+0.073%	$700K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005495	+0.073%	$786K	$558K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005504	+0.237%	$8.8M	$621K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005494	+0.055%	$555K	$77K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005499	+0.146%	$1.5M	$846K	25x	as long as short
BingX ATH-USDTshort	+0.0100%	4h	0.005495	+0.073%	—	$21.7M	—
BloFin ATH-USDT	+0.0129%	4h	0.005480	−0.200%	$168K	$72K	75x	as long as short