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

C

all C markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.06 per $10,000 · paid last 24h −0.002%
Price spread now: BingX against Bybit0.000%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2352.347% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.460%+$46 on $10k
Price spread, last 7 days−0.096%−$10 · spread now 0.000%, 7d avg −0.053%
Together, before fees+0.364%+$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.053% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.053%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +0.460%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CUSDT0.080510.1086pay 0.0543% / 4h31m 14s$1.2M$1.7M13x
ShortBingX C-USDT0.080510.1074get 0.0537% / 4h31m 14s$2.4M

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
−$2.52
Price spread: 0.000% → −0.053%
$5.28
Slippage, 4 orders
−$213.72
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$231.96
Costs to cover
2.347%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: 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 Bybit live order book, 5 min ago4.35 bp87.6 bp −$88doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago4.34 bp37.9 bp −$38118.6 bp −$1,186928.9 bp −$92.9K1379.7 bp −$689.9K

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%4h0.08051−0.004%$32K$104K5xas long as short
Binance CUSDT+0.0100%4h0.08044−0.088%$6.6M$11.8M50xas long as short
MEXC C_USDT+0.0100%4h0.08043−0.099%$214K$199K50xas long as short
KuCoin CUSDTM+0.0100%4h0.08044−0.087%$647K$139K25xas long as short
Bitget CUSDT+0.0100%4h0.08045−0.075%$449K$1.0M20xas long as short
Variational Omni C+0.0100%4h0.08039−0.154%$619$12Kas long as short
Gate C_USDT+0.0770%4h0.08071+0.248%$329K$484K20xas long as short
BingX C-USDTshort+0.1074%4h0.080510.000%$2.4M
Bybit CUSDTlong+0.1086%4h0.08051long leg$1.2M$1.7M13x