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

CROSS

all CROSS 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 0.000%
Price spread now: Bybit against BingX+0.081%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$413as in the Price arb table
costs, in and out, $10k−$4214.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.113%−$11 on $10k
Price spread, last 7 days−0.178%−$18 · spread now +0.081%, 7d avg −0.001%
Together, before fees−0.290%−$29 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: Bybit is 0.083% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CROSS-USDT0.14790.0100pay 0.0050% / 4h1h 56m$1.3M
ShortBybit CROSSUSDT0.14800.0100get 0.0050% / 4h1h 56m$676K$707K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.081% → −0.001%
$8.26
Slippage, 4 orders
−$400.27
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$413.01
Costs to cover
4.213%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 24 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, 3 min ago5.43 bp51.9 bp −$52140.6 bp −$1,4061133.5 bp −$113.4K1458.6 bp −$729.3K
Sell Bybit live order book, 24 min ago4.08 bp140.6 bp −$141doesn't fitdoesn't fitdoesn't fit

CROSS on 8 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
Binance CROSSUSDT+0.0100%4h0.1481+0.142%$1.5M$3.2M40xas long as short
Bybit CROSSUSDTshort+0.0100%4h0.1480+0.081%$676K$707K20x
Gate CROSS_USDT+0.0100%4h0.1476−0.162%$184K$47K20xas long as short
MEXC CROSS_USDT+0.0100%4h0.1479+0.027%$318K$160K100xas long as short
KuCoin CROSSUSDTM+0.0100%4h0.1475−0.277%$272K$32K20xas long as short
Bitget CROSSUSDT+0.0100%4h0.1476−0.196%$1.2M$218K20xas long as short
BingX CROSS-USDTlong+0.0100%4h0.1479long leg$1.3M
Variational Omni CROSS+0.0100%4h0.1473−0.389%$677$2Kas long as short