Funding arb · Price arb /

CROSS

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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 Binance+0.055%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2172.167% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.055%, 7d avg −0.036%

Together, before fees−0.085%−$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: BingX is 0.091% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CROSSUSDT	0.1520	0.0100	pay 0.0050% / 4h	31m 08s	$1.6M	$2.7M	40x
Short	BingX CROSS-USDT	0.1521	0.0100	get 0.0050% / 4h	31m 08s	—	$1.3M	—

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 +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.036%: $9.14
Slippage, 4 orders: −$196.67
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$207.53
Costs to cover: 2.167%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; BingX: live order book, 15 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, 4 min ago	6.56 bp	58.1 bp −$58	171.6 bp −$1,716	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	8.99 bp	52.7 bp −$53	152.0 bp −$1,520	999.4 bp −$99.9K	1346.2 bp −$673.1K

CROSS on 8 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
Binance CROSSUSDTlong	+0.0100%	4h	0.1520	long leg	$1.6M	$2.7M	40x
Bybit CROSSUSDT	+0.0100%	4h	0.1521	+0.049%	$690K	$591K	20x	as long as short
Gate CROSS_USDT	+0.0100%	4h	0.1521	+0.101%	$188K	$42K	20x	as long as short
MEXC CROSS_USDT	+0.0100%	4h	0.1520	+0.016%	$326K	$149K	100x	as long as short
KuCoin CROSSUSDTM	+0.0100%	4h	0.1516	−0.267%	$276K	$28K	20x	as long as short
Bitget CROSSUSDT	+0.0100%	4h	0.1520	+0.003%	$1.3M	$168K	20x	as long as short
BingX CROSS-USDTshort	+0.0100%	4h	0.1521	+0.055%	—	$1.3M	—
Variational Omni CROSS	+0.0100%	4h	0.1520	+0.034%	$700	$2K	—	as long as short