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: Bybit against BingX−0.216%7-day average −0.182% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.216%, 7d avg −0.182%

Together, before fees−0.247%−$25 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 0.034% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06719	0.0100	pay 0.0050% / 4h	1h 18m	—	$2.7M	—
Short	Bybit HUSDT	0.06704	0.0100	get 0.0050% / 4h	1h 18m	$7.4M	$4.8M	13x

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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → −0.182%: −$3.37
Slippage, 4 orders: −$82.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$107.35
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 4 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, 6 min ago	4.47 bp	16.0 bp −$16	119.7 bp −$1,197	1070.3 bp −$107.0K	1417.1 bp −$708.5K
Sell Bybit live order book, 4 min ago	5.23 bp	39.5 bp −$40	146.8 bp −$1,468	doesn't fit	doesn't fit

H on 14 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	−6.980%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0046%	4h	0.06709	−0.149%	$1.6M	$10.0M	8x	as long as short
BloFin H-USDT	+0.0091%	4h	0.06724	+0.074%	$581K	$110K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06716	−0.039%	$110K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06713	−0.085%	$14.4M	$11.1M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06704	−0.216%	$7.4M	$4.8M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06714	−0.074%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06710	−0.134%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06716	−0.045%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06695	−0.357%	$1.7M	$456K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTlong	+0.0100%	4h	0.06719	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06692	−0.405%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06713	−0.090%	$1.1M	$434K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06720	+0.017%	$10K	$101K	5x	as long as short