Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against dYdX−0.306%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.306% cheaper against dYdX than usual: you would sell low and buy high (spread −0.306% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 10 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ATH-USD	0.005549	0	get 0.0000% / 1h	49m 13s	$11K	$16	5x
Short	BingX ATH-USDT	0.005532	0.0100	get 0.0050% / 4h	2h 49m	—	$21.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.306%Rate

Funding earned: $21
Price spread: −0.306% → 0.000%: −$30.64
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.64
Costs to cover: 0.200%
Break-even: 16.9 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	5.42 bp	29.7 bp −$30	69.2 bp −$692	594.2 bp −$59.4K	1131.2 bp −$565.6K

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3544%	1h	0.005527	−0.403%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0304%	4h	0.005523	−0.468%	$186K	$94K	—	as long as short
OKX ATH-USDT-SWAP	−0.0014%	4h	0.005529	−0.360%	$708K	$1.2M	20x	as long as short
dYdX ATH-USDlong	0.0000%	1h	0.005549	long leg	$11K	$16	5x
Aster ATHUSDT	+0.0100%	4h	0.005539	−0.177%	$6K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005539	−0.182%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005530	−0.342%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005530	−0.342%	$792K	$523K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005540	−0.162%	$8.8M	$660K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005525	−0.433%	$554K	$84K	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	0.005541	−0.144%	$1.5M	$794K	25x	as long as short
BingX ATH-USDTshort	+0.0100%	4h	0.005532	−0.306%	—	$21.8M	—
BloFin ATH-USDT	+0.0116%	4h	0.005545	−0.072%	$172K	$58K	75x	as long as short