Funding arb · Price arb /

BMT

all BMT markets

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 Binance−0.078%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1111.108% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.078%, 7d avg +0.017%

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: BingX is 0.095% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMTUSDT	0.02002	0.0100	pay 0.0050% / 4h	1h 21m	$2.3M	$2.3M	20x
Short	BingX BMT-USDT	0.02000	0.0100	get 0.0050% / 4h	1h 21m	—	$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 −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.017%: −$9.5
Slippage, 4 orders: −$90.78
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$120.28
Costs to cover: 1.108%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 2 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, 14 min ago	2.50 bp	29.4 bp −$29	262.9 bp −$2,629	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	7.51 bp	30.8 bp −$31	115.1 bp −$1,151	696.7 bp −$69.7K	1026.7 bp −$513.3K

BMT on 8 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
Aster BMTUSDT	+0.0100%	4h	0.02002	0.000%	$44K	$10K	5x	as long as short
Binance BMTUSDTlong	+0.0100%	4h	0.02002	long leg	$2.3M	$2.3M	20x
Bybit BMTUSDT	+0.0100%	4h	0.02001	−0.029%	$966K	$377K	5x	as long as short
Gate BMT_USDT	+0.0100%	4h	0.01999	−0.128%	$197K	$191K	25x	as long as short
MEXC BMT_USDT	+0.0100%	4h	0.02001	−0.029%	$218K	$137K	100x	as long as short
KuCoin BMTUSDTM	+0.0100%	4h	0.02000	−0.078%	$616K	$74K	20x	as long as short
BingX BMT-USDTshort	+0.0100%	4h	0.02000	−0.078%	—	$2.3M	—
Variational Omni BMT	+0.0100%	4h	0.01996	−0.301%	$52K	$27K	—	as long as short