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

C

all C markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.005%
Price spread now: Bybit against BingX−0.050%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2142.138% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.437%−$44 on $10k
Price spread, last 7 days+0.161%+$16 · spread now −0.050%, 7d avg +0.049%
Together, before fees−0.276%−$28 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 0.099% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX C-USDT0.080800.1120pay 0.0560% / 4h43m 19s$2.4M
ShortBybit CUSDT0.080760.1126get 0.0563% / 4h43m 19s$1.1M$1.5M13x

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
$1.23
Price spread: −0.050% → +0.049%
−$9.89
Slippage, 4 orders
−$192.79
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$222.45
Costs to cover
2.138%
Break-even
1276.7 days
Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 3 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, 5 min ago4.33 bp34.7 bp −$35103.2 bp −$1,032doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago5.55 bp79.9 bp −$80536.6 bp −$5,366doesn't fitdoesn't fit

C on 9 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
Aster CUSDT+0.0100%4h0.08083+0.042%$32K$95K5xas long as short
Binance CUSDT+0.0100%4h0.08074−0.079%$6.6M$10.6M50xas long as short
MEXC C_USDT+0.0100%4h0.08073−0.087%$227K$197K50xas long as short
KuCoin CUSDTM+0.0100%4h0.08078−0.025%$650K$119K25xas long as short
Bitget CUSDT+0.0100%4h0.08074−0.074%$455K$926K20xas long as short
Variational Omni C+0.0211%4h0.08113+0.414%$624$1Kas long as short
Gate C_USDT+0.0756%4h0.08098+0.223%$335K$308K20xas long as short
BingX C-USDTlong+0.1120%4h0.08080long leg$2.4M
Bybit CUSDTshort+0.1126%4h0.08076−0.050%$1.1M$1.5M13x