Funding arb · Price arb /

BIGTIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.049%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.049%, 7d avg +0.003%

Together, before fees+0.082%+$8 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 0.051% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIGTIMEUSDT	0.008243	0.0100	pay 0.0050% / 4h	2h 54m	$1.8M	$2.2M	50x
Short	BingX BIGTIME-USDT	0.008239	0.0100	get 0.0050% / 4h	2h 54m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → +0.003%: −$5.14
Slippage, 4 orders: −$66.55
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.69
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BingX: 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 Binance live order book, 10 min ago	3.00 bp	22.0 bp −$22	106.7 bp −$1,067	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.82 bp	24.9 bp −$25	50.3 bp −$503	389.1 bp −$38.9K	471.2 bp −$235.6K

BIGTIME on 12 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_BIGTIMEUSD	−0.0290%	1h	0.008242	−0.008%	$7K	$4K	10x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008245	+0.024%	$125K	$96K	3x	as long as short
Binance BIGTIMEUSDTlong	+0.0100%	4h	0.008243	long leg	$1.8M	$2.2M	50x
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008237	−0.073%	$672K	$598K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008231	−0.146%	$436K	$405K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008233	−0.121%	$59K	$30K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008243	0.000%	$458K	$186K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008235	−0.097%	$242K	$27K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008242	−0.012%	$591K	$236K	50x	as long as short
BingX BIGTIME-USDTshort	+0.0100%	4h	0.008239	−0.049%	—	$2.3M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008232	−0.137%	$10K	$1K	—	as long as short
BloFin BIGTIME-USDT	+0.0132%	4h	0.008246	+0.036%	$94K	$10K	50x	as long as short