Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.081%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$770.774% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.104%+$10 · spread now −0.081%, 7d avg −0.027%

Together, before fees+0.081%+$8 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 0.054% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1184	0.0100	pay 0.0050% / 4h	2h 00m	—	$6.6M	—
Short	Binance CCUSDT	0.1183	0.0100	get 0.0050% / 4h	2h 00m	$11.2M	$11.9M	75x

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 −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.027%: −$5.39
Slippage, 4 orders: −$57.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.74
Costs to cover: 0.774%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Binance: live order book, 9 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, 6 min ago	5.49 bp	20.7 bp −$21	71.5 bp −$715	417.6 bp −$41.8K	1147.4 bp −$573.7K
Sell Binance live order book, 9 min ago	1.69 bp	19.8 bp −$20	88.7 bp −$887	602.3 bp −$60.2K	doesn't fit

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
MEXC CC_USDT	−0.0318%	4h	0.1184	−0.025%	$1.9M	$354K	100x	as long as short
Bybit CCUSDT	−0.0309%	4h	0.1184	−0.025%	$10.9M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	−0.355%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0089%	8h	0.1184	−0.009%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1185	+0.100%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1185	+0.062%	$35K	$32K	20x	as long as short
Binance CCUSDTshort	+0.0100%	4h	0.1183	−0.081%	$11.2M	$11.9M	75x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1185	+0.101%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1183	−0.068%	$364K	$209K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1184	+0.025%	$488K	$104K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1184	+0.008%	$919K	$774K	20x	as long as short
BingX CC-USDTlong	+0.0100%	4h	0.1184	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1184	−0.008%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1184	−0.010%	$604K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1186	+0.152%	$87K	$2.8M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1183	−0.085%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1185	+0.034%	$597K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0451% / S −0.0241%	1h	0.1185	+0.049%	$44K	—	50x	as long as short
Lighter CC	+0.0720%	1h	0.1190	+0.507%	$254K	$171K	5x	as long as short