Funding arb · Price arb /

H

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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: Binance against BingX−0.044%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.132%+$13 · spread now −0.044%, 7d avg +0.092%

Together, before fees+0.131%+$13 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 0.136% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06823	0.0100	pay 0.0050% / 4h	2h 09m	—	$2.7M	—
Short	Binance HUSDT	0.06820	0.0100	get 0.0050% / 4h	2h 09m	$14.6M	$10.9M	10x

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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.092%: −$13.6
Slippage, 4 orders: −$87.36
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$120.96
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Binance: live order book, 16 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, 10 min ago	0.73 bp	15.5 bp −$16	123.7 bp −$1,237	1089.1 bp −$108.9K	doesn't fit
Sell Binance live order book, 16 min ago	3.63 bp	38.5 bp −$38	177.3 bp −$1,773	doesn't fit	doesn't fit

H on 13 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.398%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06823	+0.002%	$112K	$55K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.06820	−0.044%	$14.6M	$10.9M	10x
Bybit HUSDT	+0.0100%	4h	0.06806	−0.249%	$7.4M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06825	+0.029%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06813	−0.147%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06820	−0.044%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06817	−0.088%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06809	−0.205%	$1.7M	$454K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06823	long leg	—	$2.7M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06816	−0.105%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06856	+0.478%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06818	−0.069%	$9K	$102K	5x	as long as short