Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.076%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.076%, 7d avg −0.022%

Together, before fees+0.010%+$1 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 0.055% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1178	0.0100	pay 0.0050% / 4h	2h 31m	$2.6M	$3.6M	20x
Short	BingX CC-USDT	0.1177	0.0100	get 0.0050% / 4h	2h 31m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.022%: −$5.48
Slippage, 4 orders: −$68.17
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$93.65
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; BingX: live order book, 10 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 OKX live order book, 1 min ago	1.70 bp	22.5 bp −$23	978.5 bp −$9,785	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.55 bp	21.9 bp −$22	83.7 bp −$837	418.8 bp −$41.9K	1062.5 bp −$531.2K

CC on 18 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	−0.3556%	1h	0.1159	−1.613%	$6K	$97	5.5x	as long as short
MEXC CC_USDT	−0.0178%	4h	0.1177	−0.085%	$1.6M	$314K	100x	as long as short
Bybit CCUSDT	−0.0173%	4h	0.1178	+0.042%	$10.7M	$3.9M	25x	as long as short
Paradex CC-USD-PERP	+0.0087%	8h	0.1177	−0.078%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1179	+0.051%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1177	−0.043%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	−0.008%	$11.1M	$12.0M	75x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1178	long leg	$2.6M	$3.6M	20x
Gate CC_USDT	+0.0100%	4h	0.1176	−0.161%	$366K	$219K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	+0.008%	$484K	$123K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1177	−0.068%	$932K	$805K	20x	as long as short
BingX CC-USDTshort	+0.0100%	4h	0.1177	−0.076%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1179	+0.102%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.567%	$596K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1176	−0.155%	$79K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1178	+0.025%	$6K	$36K	6.7x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0450% / S −0.0241%	1h	0.1180	+0.160%	$44K	—	50x	as long as short
Lighter CC	+0.0760%	1h	0.1182	+0.365%	$239K	$155K	5x	as long as short