Funding arb · Price arb /

IO

all IO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.261%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days−0.299%−$30 · spread now +0.261%, 7d avg +0.006%

Together, before fees−0.370%−$37 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: Binance is 0.255% dearer against BingX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IO-USDT	0.1508	0.0100	pay 0.0050% / 4h	1h 52m	—	$1.3M	—
Short	Binance IOUSDT	0.1512	0.0100	get 0.0050% / 4h	1h 52m	$3.0M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.261%Rate

Funding earned: $0
Price spread: +0.261% → +0.006%: $25.45
Slippage, 4 orders: −$63.5
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.04
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: live order book, 2 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, 7 min ago	6.64 bp	22.3 bp −$22	48.2 bp −$482	440.8 bp −$44.1K	637.9 bp −$318.9K
Sell Binance live order book, 2 min ago	3.32 bp	16.5 bp −$16	90.0 bp −$900	doesn't fit	doesn't fit

IO on 14 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
Kraken Futures PF_IOUSD	−0.0640%	1h	0.1514	+0.400%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0065%	4h	0.1509	+0.066%	$193K	$30K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1507	−0.033%	$1.0M	$388K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1508	+0.024%	$6K	$32K	5x	as long as short
Binance IOUSDTshort	+0.0100%	4h	0.1512	+0.261%	$3.0M	$6.5M	50x
Bybit IOUSDT	+0.0100%	4h	0.1509	+0.066%	$1.1M	$867K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1508	+0.027%	$231K	$526K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1511	+0.199%	$1.2M	$227K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1510	+0.133%	$401K	$655K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.199%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDTlong	+0.0100%	4h	0.1508	long leg	—	$1.3M	—
Variational Omni IO	+0.0100%	4h	0.1506	−0.108%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1512	+0.282%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1509	+0.066%	$2K	$102	5.5x	as long as short