Funding arb · Price arb /

CC

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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+0.077%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.077%, 7d avg +0.025%

Together, before fees−0.036%−$4 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 0.052% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CCUSDT	0.1158	0.0100	pay 0.0050% / 4h	2h 16m	$11.0M	$10.9M	75x
Short	BingX CC-USDT	0.1159	0.0100	get 0.0050% / 4h	2h 16m	—	$6.6M	—

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 +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.025%: $5.18
Slippage, 4 orders: −$62.8
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$77.62
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 5 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, 9 min ago	0.86 bp	19.8 bp −$20	75.7 bp −$757	530.0 bp −$53.0K	doesn't fit
Sell BingX live order book, 5 min ago	5.17 bp	23.0 bp −$23	70.7 bp −$707	264.4 bp −$26.4K	995.4 bp −$497.7K

CC on 19 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
Injective CC/USDC PERP	−0.3670%	1h	0.1152	−0.493%	$6K	$99	5.5x	as long as short
Gate CC_USDT	+0.0046%	4h	0.1158	+0.042%	$360K	$207K	50x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1158	+0.053%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1160	+0.166%	$34K	$39K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1158	long leg	$11.0M	$10.9M	75x
Bybit CCUSDT	+0.0100%	4h	0.1158	+0.025%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1159	+0.077%	$2.5M	$3.3M	20x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1158	−0.001%	$1.7M	$298K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1160	+0.163%	$489K	$114K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1159	+0.085%	$932K	$791K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTshort	+0.0100%	4h	0.1159	+0.077%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1158	+0.042%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	+0.252%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1158	+0.065%	$85K	$2.2M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1157	−0.061%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1158	−0.018%	$585K	$104K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0440% / S −0.0239%	1h	0.1159	+0.130%	$43K	—	50x	as long as short
Hyperliquid CC	+0.0476%	1h	0.1160	+0.232%	$5.4M	$1.3M	3x	as long as short
Lighter CC	+0.1168%	1h	0.1163	+0.457%	$232K	$161K	5x	as long as short