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: BingX against Bitget−0.205%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.205%, 7d avg −0.100%

Together, before fees+0.022%+$2 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 0.105% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06833	0.0100	pay 0.0050% / 4h	16m 38s	$1.3M	$370K	25x
Short	BingX BASED-USDT	0.06819	0.0100	get 0.0050% / 4h	16m 38s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.205%Rate

Funding earned: $0
Price spread: −0.205% → −0.100%: −$10.53
Slippage, 4 orders: −$74.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$106.74
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 16 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 Bitget live order book, 5 min ago	4.40 bp	21.5 bp −$22	80.4 bp −$804	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	2.93 bp	26.6 bp −$27	82.0 bp −$820	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
Binance BASEDUSDT	+0.0100%	4h	0.06826	−0.102%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06814	−0.278%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06823	−0.146%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06817	−0.234%	$542K	$538K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06827	−0.088%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06807	−0.381%	$571K	$69K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06833	long leg	$1.3M	$370K	25x
BingX BASED-USDTshort	+0.0100%	4h	0.06819	−0.205%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06795	−0.555%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06811	−0.315%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06812	−0.307%	$1K	$823K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06825	−0.122%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0121%	4h	0.06826	−0.102%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0280%	4h	0.06818	−0.215%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0321%	4h	0.06819	−0.205%	$3K	$652	10x	as long as short