Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against BingX−0.103%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$800.805% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.103%, 7d avg −0.018%

Together, before fees+0.029%+$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: OKX is 0.085% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06777	0.0100	pay 0.0050% / 4h	2h 13m	—	$1.6M	—
Short	OKX BASED-USDT-SWAP	0.06770	0.0100	get 0.0050% / 4h	2h 13m	$2.6M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.018%: −$8.5
Slippage, 4 orders: −$60.45
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.96
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	5.17 bp	23.1 bp −$23	82.0 bp −$820	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.74 bp	14.8 bp −$15	100.6 bp −$1,006	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
BloFin BASED-USDT	+0.0087%	4h	0.06781	+0.059%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06781	+0.059%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06772	−0.074%	$2.1M	$582K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06770	−0.103%	$2.6M	$3.4M	20x
Gate BASED_USDT	+0.0100%	4h	0.06781	+0.059%	$539K	$524K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06779	+0.030%	$4.8M	$657K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06768	−0.133%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.148%	$1.3M	$360K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06777	long leg	—	$1.6M	—
Variational Omni BASED	+0.0100%	4h	0.06768	−0.130%	$92K	$22K	—	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	0.06726	−0.748%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06777	0.000%	$1K	$798K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06779	+0.029%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0182%	4h	0.06780	+0.039%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0319%	4h	0.06781	+0.059%	$3K	$652	10x	as long as short