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

BIRB

all BIRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0858%/8h= +94.0% APRnext payment +$4.29 per $10,000 · paid last 24h −0.036%
Price spread now: BingX against BloFin+0.174%66s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and BingX is 0.174% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.29 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
LongBloFin BIRB-USDT0.068770.0056pay 0.0028% / 4h3h 58m$83K$5K25x
ShortBingX BIRB-USDT0.068890.0914get 0.0457% / 4h3h 58m$743K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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
$180.26
Price spread: +0.174% → 0.000%
$17.45
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$175.71
Costs to cover
0.220%
Break-even
0.2 days
Slippage unknown: BloFin: no order-book sample; BingX: live order book, 46 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell BingX live order book, 46 min ago10.90 bp37.3 bp −$3798.6 bp −$986802.9 bp −$80.3K1209.1 bp −$604.6K
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BIRB on 9 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
BloFin BIRB-USDTlong+0.0056%4h0.06877long leg$83K$5K25x
Aster BIRBUSDT+0.0100%4h0.06888+0.157%$16K$17K5xas long as short
Binance BIRBUSDT+0.0100%4h0.06896+0.272%$1.3M$1.9M50xas long as short
Gate BIRB_USDT+0.0100%4h0.06894+0.247%$56K$60K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06889+0.174%$145K$98K50xas long as short
KuCoin BIRBUSDTM+0.0100%4h0.06895+0.262%$83K$39K20xas long as short
Bitget BIRBUSDT+0.0100%4h0.06900+0.334%$434K$173K20xas long as short
BingX BIRB-USDTshort+0.0914%4h0.06889+0.174%$743K
Bybit BIRBUSDT+0.2113%4h0.068770.000%$636K$455K25xas long as short