Funding arb · Price arb /

H

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Swap Backtest

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: BingX against Bybit+0.240%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.240%, 7d avg +0.189%

Together, before fees+0.264%+$26 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 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.189%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.07082	0.0100	pay 0.0050% / 4h	2h 51m	$7.8M	$4.3M	13x
Short	BingX H-USDT	0.07099	0.0100	get 0.0050% / 4h	2h 51m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → +0.189%: $5.13
Slippage, 4 orders: −$76.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$92.65
Costs to cover: 0.978%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 14 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 Bybit live order book, 2 min ago	2.81 bp	34.9 bp −$35	170.7 bp −$1,707	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.22 bp	15.3 bp −$15	77.5 bp −$775	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	−11.748%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0065%	4h	0.07109	+0.381%	$601K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07105	+0.329%	$119K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07097	+0.212%	$15.3M	$10.2M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.07082	long leg	$7.8M	$4.3M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07098	+0.226%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07090	+0.113%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07097	+0.212%	$6.5M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07099	+0.240%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07093	+0.155%	$1.8M	$445K	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-USDTshort	+0.0100%	4h	0.07099	+0.240%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.07095	+0.190%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07146	+0.905%	$1.2M	$491K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07096	+0.204%	$12K	$107K	5x	as long as short