Funding arb · Price arb /

HAEDAL

all HAEDAL markets

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 Binance+0.091%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$2002.004% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.091%, 7d avg −0.025%

Together, before fees−0.082%−$8 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 0.116% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HAEDALUSDT	0.02089	0.0100	pay 0.0050% / 4h	3h 10m	$1.5M	$1.9M	10x
Short	BingX HAEDAL-USDT	0.02091	0.0100	get 0.0050% / 4h	3h 10m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.025%: $11.59
Slippage, 4 orders: −$180.35
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$188.77
Costs to cover: 2.004%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 5 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 Binance live order book, 9 min ago	4.78 bp	52.8 bp −$53	866.1 bp −$8,661	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	9.56 bp	46.0 bp −$46	201.2 bp −$2,012	doesn't fit	doesn't fit

HAEDAL on 8 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
Binance HAEDALUSDTlong	+0.0100%	4h	0.02089	long leg	$1.5M	$1.9M	10x
Bybit HAEDALUSDT	+0.0100%	4h	0.02088	−0.052%	$398K	$223K	13x	as long as short
Gate HAEDAL_USDT	+0.0100%	4h	0.02091	+0.091%	$72K	$41K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02089	−0.005%	$161K	$199K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02089	−0.005%	$118K	$52K	10x	as long as short
Bitget HAEDALUSDT	+0.0100%	4h	0.02087	−0.100%	$206K	$232K	10x	as long as short
BingX HAEDAL-USDTshort	+0.0100%	4h	0.02091	+0.091%	—	$1.3M	—
Variational Omni HAEDAL	+0.0100%	4h	0.02090	+0.049%	$362	$2K	—	as long as short