Settings8H · net · $10k
Funding arb · Price arb /

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.1% APRnext payment $0.92 per $10,000 · paid last 24h +0.008%
Price spread now: edgeX against BingX+0.066%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1811.810% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 3 days (all we have)−0.320%−$32 · spread now +0.066%, 7d avg +0.113%
Together, before fees−0.328%+ Points / potential airdropedgeX: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.047% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX B-USDT0.20180.1066pay 0.0533% / 4h1h 49m$1.2M
ShortedgeX BUSDC0.20190.0882get 0.0441% / 4h1h 49m$3K$391K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$38.59
Price spread: +0.066% → +0.113%
−$4.7
Slippage, 4 orders
−$161.96
Fee BingX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$224.24
Costs to cover
1.810%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; edgeX: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago32.14 bp54.6 bp −$55205.9 bp −$2,059886.3 bp −$88.6Kdoesn't fit
Sell edgeX live order book, 34 min ago7.40 bp37.6 bp −$38doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0100%4h0.20180.000%$3.4M$584K20xas long as short
KuCoin BUSDTM+0.0100%4h0.2015−0.164%$1.9M$71K10xas long as short
BloFin B-USDT+0.0867%4h0.2019+0.050%$592K$39K20xas long as short
edgeX BUSDCshort+0.0882%4h0.2019+0.066%$3K$391K5x
MEXC B_USDT+0.0892%4h0.20180.000%$967K$346K100xas long as short
Binance BUSDT+0.0893%4h0.20180.000%$11.6M$2.0M20xas long as short
Extended B-USD+0.0896%1h0.2019+0.033%$15K$117K5xas long as short
Bybit BUSDT+0.0995%4h0.2017−0.035%$1.7M$949K13xas long as short
BingX B-USDTlong+0.1066%4h0.2018long leg$1.2M
Bitget BUSDT+0.1150%4h0.2021+0.149%$2.7M$230K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1360%4h0.2019+0.074%$1.9M$205K5xas long as short