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

CHEEMS

all CHEEMS markets
SwapBacktest
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 −0.001%
Price spread now: Binance against BingX−0.107%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1671.665% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 7 days+0.100%+$10 · spread now −0.107%, 7d avg −0.001%
Together, before fees+0.068%+$7 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 0.105% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000CHEEMS-USDT0.00000056300.0100pay 0.0050% / 4h1h 51m$1.2M
ShortBinance 1000CHEEMSUSDT0.00000056240.0100get 0.0050% / 4h1h 51m$1.5M$914K25x

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

Funding earned
$0
Price spread: −0.107% → −0.001%
−$10.52
Slippage, 4 orders
−$146.53
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$177.05
Costs to cover
1.665%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 11 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 ago8.02 bp38.5 bp −$38346.1 bp −$3,461734.2 bp −$73.4K881.2 bp −$440.6K
Sell Binance live order book, 11 min ago9.80 bp43.4 bp −$43244.5 bp −$2,445doesn't fitdoesn't fit

CHEEMS on 7 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 1000CHEEMSUSDT+0.0100%4h0.0000005618−0.211%$254K$11K5xas long as short
Binance 1000CHEEMSUSDTshort+0.0100%4h0.0000005624−0.107%$1.5M$914K25x
Gate CHEEMS_USDT+0.0100%4h0.0000005612−0.320%$104K$41K20xas long as short
MEXC CHEEMS_USDT+0.0100%4h0.0000005629−0.018%$69K$77K50xas long as short
KuCoin 1000CHEEMSUSDTM+0.0100%4h0.0000005618−0.213%$64K$176K20xas long as short
Bitget 1MCHEEMSUSDT+0.0100%4h0.0000005618−0.213%$73K$99K25xas long as short
BingX 1000CHEEMS-USDTlong+0.0100%4h0.0000005630long leg$1.2M