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: BingX against Bybit+0.104%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$604as in the Funding arb table
Net, price: spread back to 7d avg − costs−$593as in the Price arb table
costs, in and out, $10k−$6046.037% 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)−0.162%−$16 · spread now +0.104%, 7d avg −0.007%
Together, before fees−0.162%−$16 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 0.111% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BLENDUSDT0.067430.0100pay 0.0050% / 4h1h 43m$848K$288K20x
ShortBingX BLEND-USDT0.067500.0100get 0.0050% / 4h1h 43m$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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: +0.104% → −0.007%
$11.13
Slippage, 4 orders
−$582.7
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$592.57
Costs to cover
6.037%
Break-even
never at this rate
Slippage from Bybit: live order book, 62 min ago; BingX: live order book, 4 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 Bybit live order book, 62 min ago2.23 bp271.4 bp −$2711480.0 bp −$14.8Kdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago10.35 bp37.5 bp −$37122.2 bp −$1,2221161.9 bp −$116.2Kdoesn'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−0.0266%4h0.06735−0.119%$232K$208K20xas long as short
Aster BLENDUSDT+0.0100%1h0.06765+0.327%$2K$2693xas long as short
Bybit BLENDUSDTlong+0.0100%4h0.06743long leg$848K$288K20x
OKX BLEND-USDT-SWAP+0.0100%4h0.06742−0.015%$178K$208K20xas long as short
Gate BLEND_USDT+0.0100%4h0.06751+0.119%$55K$10K20xas long as short
MEXC BLEND_USDT+0.0100%4h0.06751+0.119%$1.8M$165K50xas long as short
BingX BLEND-USDTshort+0.0100%4h0.06750+0.104%$1.6M