Settings8H · net · $10k
Funding arb · Price arb /

HEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.026%
Price spread now: BingX against Bybit+0.071%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3473.468% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.447%+$45 on $10k
Price spread, last 7 days−0.169%−$17 · spread now +0.071%, 7d avg −0.054%
Together, before fees+0.278%+$28 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 0.124% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HEIUSDT0.15510.1832pay 0.0916% / 4h2h 42m$1.4M$596K5x
ShortBingX HEI-USDT0.15520.1838get 0.0919% / 4h2h 42m$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

Funding earned
$1.17
Price spread: +0.071% → −0.054%
$12.44
Slippage, 4 orders
−$325.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$333.15
Costs to cover
3.468%
Break-even
1997.2 days
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago6.09 bp150.8 bp −$1514422.8 bp −$44.2Kdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago2.55 bp29.8 bp −$30140.5 bp −$1,405630.7 bp −$63.1K845.3 bp −$422.7K

HEI on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance HEIUSDT+0.0100%4h0.1550−0.081%$3.5M$6.6M10xas long as short
MEXC HEI_USDT+0.0100%4h0.1550−0.058%$1.8M$397K20xas long as short
KuCoin HEIUSDTM+0.0100%4h0.1552+0.064%$907K$346K10xas long as short
Variational Omni HEI+0.0100%4h0.1559+0.543%$15K$1as long as short
edgeX HEIUSDC+0.0118%4h0.1559+0.525%$14K$257K10xas long as short
Aster HEIUSDT+0.0298%4h0.1550−0.074%$20K$56K5xas long as short
Gate HEI_USDT+0.0372%4h0.1551+0.032%$283K$470K10xas long as short
Bybit HEIUSDTlong+0.1832%4h0.1551long leg$1.4M$596K5x
BingX HEI-USDTshort+0.1838%4h0.1552+0.071%$1.3M