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 0.000%

Price spread now: BingX against Bitget+0.048%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1821.823% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.048%, 7d avg −0.024%

Together, before fees−0.099%−$10 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 0.071% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HAEDALUSDT	0.02095	0.0100	pay 0.0050% / 4h	1h 42m	$195K	$208K	10x
Short	BingX HAEDAL-USDT	0.02096	0.0100	get 0.0050% / 4h	1h 42m	—	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.024%: $7.14
Slippage, 4 orders: −$160.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$175.15
Costs to cover: 1.823%
Break-even: never at this rate

Slippage from Bitget: live order book, 12 min ago; BingX: live order book, 3 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 Bitget live order book, 12 min ago	9.55 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	9.56 bp	47.4 bp −$47	177.7 bp −$1,777	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	0.02097	+0.095%	$1.5M	$1.9M	10x	as long as short
Bybit HAEDALUSDT	+0.0100%	4h	0.02097	+0.095%	$401K	$231K	13x	as long as short
Gate HAEDAL_USDT	+0.0100%	4h	0.02093	−0.095%	$72K	$40K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02097	+0.095%	$163K	$197K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02091	−0.191%	$118K	$53K	10x	as long as short
Bitget HAEDALUSDTlong	+0.0100%	4h	0.02095	long leg	$195K	$208K	10x
BingX HAEDAL-USDTshort	+0.0100%	4h	0.02096	+0.048%	—	$1.2M	—
Variational Omni HAEDAL	+0.0100%	4h	0.02089	−0.304%	$361	$2K	—	as long as short