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

BR

all BR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.003%
Price spread now: HTX against BingX+0.383%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$357as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3693.685% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.115%+$11 on $10k
Price spread, last 3 days (all we have)−0.499%−$50 · spread now +0.383%, 7d avg +0.033%
Together, before fees−0.384%−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.350% dearer against BingX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BR-USDT1.10540.0080pay 0.0040% / 4h1h 21m$6.3M
ShortHTX BR-USDT1.10960.0100get 0.0050% / 4h1h 21m$85K$238K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$4.2
Price spread: +0.383% → +0.033%
$34.98
Slippage, 4 orders
−$346.53
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$329.35
Costs to cover
3.685%
Break-even
555.9 days
Slippage from BingX: live order book, 3 min ago; HTX: live order book, 60 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, 3 min ago1.54 bp14.6 bp −$1545.1 bp −$451557.9 bp −$55.8Kdoesn't fit
Sell HTX live order book, 60 min ago31.14 bp158.1 bp −$158doesn't fitdoesn't fitdoesn't fit

BR on 11 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
BingX BR-USDTlong+0.0080%4h1.1054long leg$6.3M
Bybit BRUSDT+0.0100%4h1.1040−0.123%$10.8M$25.8M5xas long as short
Variational Omni BR+0.0100%4h1.1047−0.057%$263K$295Kas long as short
SunX BR-USDT+0.0100%4h1.1074+0.189%$691K10xas long as short
HTX BR-USDTshort+0.0100%4h1.1096+0.383%$85K$238K20x
Gate BR_USDT+0.0126%4h1.1034−0.177%$7.4M$8.7M20xas long as short
KuCoin BRUSDTM+0.0224%4h1.1055+0.017%$4.9M$5.5M30xas long as short
Aster BRUSDT+0.0496%4h1.1048−0.049%$724K$2.7M5xas long as short
Bitget BRUSDT+0.0652%4h1.1052−0.016%$8.1M$12.6M10xas long as short
MEXC BR_USDT+0.1164%4h1.1077+0.214%$15.3M$7.5M100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BRUSDT+0.1165%4h1.1063+0.084%$53.0M$163.2M25xas long as short