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 +0.011%

Price spread now: BingX against Bybit+0.097%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs−$403as in the Price arb table

costs, in and out, $10k−$4084.082% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.097%, 7d avg +0.040%

Together, before fees+0.390%+$39 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 0.057% dearer against Bybit than usual: you sell high and buy low, +$6 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	Bybit HAEDALUSDT	0.02072	0.0100	pay 0.0050% / 4h	1h 35m	$388K	$232K	13x
Short	BingX HAEDAL-USDT	0.02074	0.0100	get 0.0050% / 4h	1h 35m	—	$1.3M	—

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 +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.040%: $5.66
Slippage, 4 orders: −$387.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$402.54
Costs to cover: 4.082%
Break-even: never at this rate

Slippage from Bybit: live order book, 64 min ago; BingX: live order book, 10 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, 64 min ago	9.70 bp	176.3 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	9.63 bp	51.4 bp −$51	179.3 bp −$1,793	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	0.02074	+0.096%	$1.5M	$1.9M	10x	as long as short
Bybit HAEDALUSDTlong	+0.0100%	4h	0.02072	long leg	$388K	$232K	13x
Gate HAEDAL_USDT	+0.0100%	4h	0.02074	+0.097%	$75K	$43K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02074	+0.097%	$154K	$201K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02070	−0.097%	$117K	$51K	10x	as long as short
Bitget HAEDALUSDT	+0.0100%	4h	0.02073	+0.048%	$198K	$226K	10x	as long as short
BingX HAEDAL-USDTshort	+0.0100%	4h	0.02074	+0.097%	—	$1.3M	—
Variational Omni HAEDAL	+0.0100%	4h	0.02072	+0.007%	$359	$2K	—	as long as short