Funding arb · Price arb /

IN

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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 +0.083%

Price spread now: BingX against Bitget+0.057%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2152.153% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.057%, 7d avg −0.065%

Together, before fees+0.080%+$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 0.122% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INUSDT	0.03482	0.0100	pay 0.0050% / 4h	3h 43m	$819K	$131K	25x
Short	BingX IN-USDT	0.03484	0.0100	get 0.0050% / 4h	3h 43m	—	$2.3M	—

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 +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.065%: $12.23
Slippage, 4 orders: −$193.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$203.03
Costs to cover: 2.153%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 min ago; BingX: live order book, 9 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, 27 min ago	5.72 bp	56.1 bp −$56	517.9 bp −$5,179	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	25.75 bp	54.6 bp −$55	122.9 bp −$1,229	1089.5 bp −$109.0K	1332.6 bp −$666.3K

IN on 9 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
Aster INUSDT	+0.0100%	4h	0.03474	−0.227%	$125K	$21K	5x	as long as short
Binance INUSDT	+0.0100%	4h	0.03480	−0.064%	$1.9M	$1.1M	25x	as long as short
Bybit INUSDT	+0.0100%	4h	0.03484	+0.057%	$741K	$149K	20x	as long as short
Gate IN_USDT	+0.0100%	4h	0.03481	−0.029%	$224K	$102K	50x	as long as short
MEXC IN_USDT	+0.0100%	4h	0.03479	−0.086%	$270K	$93K	20x	as long as short
KuCoin INUSDTM	+0.0100%	4h	0.03482	0.000%	$274K	$48K	30x	as long as short
Bitget INUSDTlong	+0.0100%	4h	0.03482	long leg	$819K	$131K	25x
BingX IN-USDTshort	+0.0100%	4h	0.03484	+0.057%	—	$2.3M	—
Variational Omni IN	+0.0100%	4h	0.03480	−0.044%	$1K	$7	—	as long as short