Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.116%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.116%, 7d avg −0.032%

Together, before fees+0.289%+$29 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 0.084% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06899	0.0100	pay 0.0050% / 4h	47m 05s	$1.8M	$6.6M	10x
Short	BingX H-USDT	0.06891	0.0100	get 0.0050% / 4h	47m 05s	—	$2.7M	—

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

Position, each leg$Hold fordaysFee OKXbpFee BingXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.032%: −$8.37
Slippage, 4 orders: −$87.12
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$115.5
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; BingX: live order book, 2 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 OKX live order book, 6 min ago	2.18 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.17 bp	12.5 bp −$12	121.3 bp −$1,213	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	−9.407%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0068%	4h	0.06890	−0.130%	$593K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06887	−0.172%	$111K	$59K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06891	−0.120%	$14.7M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06884	−0.217%	$7.5M	$5.0M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06899	long leg	$1.8M	$6.6M	10x
Gate H_USDT	+0.0100%	4h	0.06881	−0.261%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06887	−0.174%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06893	−0.087%	$1.6M	$10.2M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06895	−0.058%	$1.7M	$447K	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	0.06891	−0.116%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06894	−0.070%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06913	+0.199%	$1.1M	$475K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06890	−0.129%	$11K	$160K	5x	as long as short