Funding arb · Price arb /

FIDA

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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: Bitget against BingX+0.218%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.218%, 7d avg −0.006%

Together, before fees−0.267%−$27 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: Bitget is 0.224% dearer against BingX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX FIDA-USDT	0.02156	0.0100	pay 0.0050% / 4h	2h 12m	—	$1.3M	—
Short	Bitget FIDAUSDT	0.02161	0.0100	get 0.0050% / 4h	2h 12m	$531K	$349K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BingXbpFee BitgetbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → −0.006%: $22.38
Slippage, 4 orders: −$84.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.28
Costs to cover: 1.067%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bitget: live order book, 53 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 BingX live order book, 2 min ago	6.95 bp	27.0 bp −$27	82.2 bp −$822	755.3 bp −$75.5K	doesn't fit
Sell Bitget live order book, 53 min ago	10.86 bp	31.6 bp −$32	145.1 bp −$1,451	doesn't fit	doesn't fit

FIDA on 9 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
Aster FIDAUSDT	+0.0100%	4h	0.02155	−0.032%	$9K	$6K	5x	as long as short
Binance FIDAUSDT	+0.0100%	4h	0.02157	+0.035%	$1.4M	$2.5M	25x	as long as short
Bybit FIDAUSDT	+0.0100%	4h	0.02157	+0.056%	$460K	$213K	20x	as long as short
MEXC FIDA_USDT	+0.0100%	4h	0.02155	−0.046%	$737K	$188K	20x	as long as short
Bitget FIDAUSDTshort	+0.0100%	4h	0.02161	+0.218%	$531K	$349K	25x
BingX FIDA-USDTlong	+0.0100%	4h	0.02156	long leg	—	$1.3M	—
Variational Omni FIDA	+0.0100%	4h	0.02155	−0.065%	$3K	$401	—	as long as short
Extended FIDA-USD	+0.0104%	1h	0.02156	−0.022%	$4K	$93K	5x	as long as short
Gate FIDA_USDT	+0.0284%	4h	0.02157	+0.046%	$45K	$36K	10x	as long as short