Funding arb · Price arb /

BMT

all BMT markets

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: Binance against BingX−0.050%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1321.324% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.050%, 7d avg −0.015%

Together, before fees+0.185%+$19 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: Binance is 0.035% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BMT-USDT	0.02012	0.0100	pay 0.0050% / 4h	1h 19m	—	$2.3M	—
Short	Binance BMTUSDT	0.02011	0.0100	get 0.0050% / 4h	1h 19m	$2.3M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.015%: −$3.51
Slippage, 4 orders: −$112.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$135.96
Costs to cover: 1.324%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Binance: live order book, 15 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 BingX live order book, 4 min ago	4.98 bp	32.4 bp −$32	128.5 bp −$1,285	659.8 bp −$66.0K	doesn't fit
Sell Binance live order book, 15 min ago	4.98 bp	33.6 bp −$34	220.3 bp −$2,203	doesn't fit	doesn't fit

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	0.02010	−0.098%	$44K	$10K	5x	as long as short
Binance BMTUSDTshort	+0.0100%	4h	0.02011	−0.050%	$2.3M	$2.3M	20x
Bybit BMTUSDT	+0.0100%	4h	0.02011	−0.055%	$974K	$384K	5x	as long as short
Gate BMT_USDT	+0.0100%	4h	0.02010	−0.099%	$173K	$196K	25x	as long as short
MEXC BMT_USDT	+0.0100%	4h	0.02010	−0.099%	$205K	$140K	100x	as long as short
KuCoin BMTUSDTM	+0.0100%	4h	0.02013	+0.050%	$615K	$71K	20x	as long as short
BingX BMT-USDTlong	+0.0100%	4h	0.02012	long leg	—	$2.3M	—
Variational Omni BMT	+0.0100%	4h	0.02010	−0.120%	$52K	$26K	—	as long as short