Funding arb · Price arb /

HAEDAL

all HAEDAL markets

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 −0.011%

Price spread now: Bybit against BingX+0.048%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$422as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3863.856% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.048%, 7d avg −0.040%

Together, before fees−0.725%−$73 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 0.087% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HAEDAL-USDT	0.02095	0.0100	pay 0.0050% / 4h	1h 41m	—	$1.2M	—
Short	Bybit HAEDALUSDT	0.02096	0.0100	get 0.0050% / 4h	1h 41m	$401K	$231K	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 +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.040%: $8.73
Slippage, 4 orders: −$364.56
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$376.83
Costs to cover: 3.856%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 13 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, 3 min ago	9.56 bp	51.6 bp −$52	376.6 bp −$3,766	946.2 bp −$94.6K	doesn't fit
Sell Bybit live order book, 13 min ago	7.16 bp	139.1 bp −$139	doesn't fit	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 HAEDALUSDT	+0.0100%	4h	0.02095	0.000%	$1.5M	$1.9M	10x	as long as short
Bybit HAEDALUSDTshort	+0.0100%	4h	0.02096	+0.048%	$401K	$231K	13x
Gate HAEDAL_USDT	+0.0100%	4h	0.02093	−0.095%	$72K	$40K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02095	0.000%	$163K	$197K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02091	−0.191%	$118K	$53K	10x	as long as short
Bitget HAEDALUSDT	+0.0100%	4h	0.02094	−0.048%	$195K	$208K	10x	as long as short
BingX HAEDAL-USDTlong	+0.0100%	4h	0.02095	long leg	—	$1.2M	—
Variational Omni HAEDAL	+0.0100%	4h	0.02089	−0.304%	$361	$2K	—	as long as short