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

BLEND

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SwapBacktest
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−0.015%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$598as in the Funding arb table
Net, price: spread back to 7d avg − costs−$601as in the Price arb table
costs, in and out, $10k−$5985.982% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.015%, 7d avg +0.008%
Together, before fees+0.030%+$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: Bybit is 0.023% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BLEND-USDT0.066920.0100pay 0.0050% / 4h2h 32m$1.6M
ShortBybit BLENDUSDT0.066910.0100get 0.0050% / 4h2h 32m$839K$290K20x

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

Funding earned
$0
Price spread: −0.015% → +0.008%
−$2.33
Slippage, 4 orders
−$577.22
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$600.55
Costs to cover
5.982%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago5.95 bp38.0 bp −$38118.6 bp −$1,186566.8 bp −$56.7K1067.3 bp −$533.7K
Sell Bybit live order book, 13 min ago2.23 bp259.0 bp −$259doesn't fitdoesn't fitdoesn't fit

BLEND on 7 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
KuCoin BLENDUSDTM−0.0414%4h0.06679−0.194%$233K$212K20xas long as short
Aster BLENDUSDT+0.0100%1h0.06726+0.515%$2K$3183xas long as short
Bybit BLENDUSDTshort+0.0100%4h0.06691−0.015%$839K$290K20x
OKX BLEND-USDT-SWAP+0.0100%4h0.06700+0.120%$179K$205K20xas long as short
Gate BLEND_USDT+0.0100%4h0.06695+0.045%$54K$15K20xas long as short
MEXC BLEND_USDT+0.0100%4h0.06698+0.090%$1.8M$165K50xas long as short
BingX BLEND-USDTlong+0.0100%4h0.06692long leg$1.6M