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

F

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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 +0.080%
Price spread now: BingX against OKX+0.080%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$800.800% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.636%+$64 on $10k
Price spread, last 7 days−0.183%−$18 · spread now +0.080%, 7d avg +0.020%
Together, before fees+0.453%+$45 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 0.061% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX F-USDT-SWAP0.0037300.0100pay 0.0050% / 4h33m 21s$754K$2.2M20x
ShortBingX F-USDT0.0037330.0100get 0.0050% / 4h33m 21s$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

Funding earned
$0
Price spread: +0.080% → +0.020%
$6.06
Slippage, 4 orders
−$59.99
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$73.93
Costs to cover
0.800%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; BingX: live order book, 4 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 OKX live order book, 4 min ago1.34 bp22.7 bp −$23107.8 bp −$1,078doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago4.03 bp19.5 bp −$1950.9 bp −$509707.7 bp −$70.8K1171.6 bp −$585.8K

F on 10 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 FUSDT+0.0100%4h0.003730−0.012%$15K$24K5xas long as short
Binance FUSDT+0.0100%4h0.003732+0.054%$4.0M$7.3M50xas long as short
Bybit FUSDT+0.0100%4h0.003732+0.054%$2.4M$2.4M25xas long as short
OKX F-USDT-SWAPlong+0.0100%4h0.003730long leg$754K$2.2M20x
Gate F_USDT+0.0100%8h0.003733+0.080%$218K$1.4M25xas long as short
MEXC F_USDT+0.0100%4h0.003732+0.054%$639K$178K50xas long as short
KuCoin FUSDTM+0.0100%4h0.003732+0.054%$783K$1.2M30xas long as short
Bitget FUSDT+0.0100%4h0.003733+0.080%$494K$962K50xas long as short
BingX F-USDTshort+0.0100%4h0.003733+0.080%$6.6M
Variational Omni F+0.0100%4h0.003727−0.079%$708$384as long as short