Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX−0.132%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1961.964% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.132%, 7d avg −0.084%

Together, before fees−0.059%−$6 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: Bybit is 0.048% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06812	0.0100	pay 0.0050% / 4h	2h 32m	—	$1.7M	—
Short	Bybit BASEDUSDT	0.06803	0.0100	get 0.0050% / 4h	2h 32m	$2.1M	$688K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.084%: −$4.84
Slippage, 4 orders: −$175.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$201.22
Costs to cover: 1.964%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 9 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 BingX live order book, 10 min ago	5.87 bp	27.5 bp −$27	91.0 bp −$910	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	6.61 bp	66.6 bp −$67	967.9 bp −$9,679	doesn't fit	doesn't fit

BASED on 15 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 BASEDUSDT	+0.0100%	4h	0.06817	+0.078%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06819	+0.102%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06803	−0.132%	$2.1M	$688K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06815	+0.044%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06814	+0.029%	$535K	$594K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06819	+0.103%	$4.9M	$533K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06826	+0.206%	$582K	$73K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06818	+0.088%	$1.3M	$373K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06812	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06814	+0.036%	$93K	$11K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06835	+0.336%	$95K	$384K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06807	−0.073%	$1K	$915K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06816	+0.054%	$3K	$227K	5x	as long as short
BloFin BASED-USDT	+0.0123%	4h	0.06817	+0.073%	$260K	$48K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0288%	4h	0.06818	+0.088%	$3K	$664	10x	as long as short