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

LA

all LA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0353%/8h= −38.6% APRnext payment $1.76 per $10,000 · paid last 24h −0.098%
Price spread now: BingX against Bybit+0.013%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$710.709% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.681%−$68 on $10k
Price spread, last 7 days−0.158%−$16 · spread now +0.013%, 7d avg −0.058%
Together, before fees−0.838%−$84 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.071% dearer against Bybit than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.058%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LAUSDT0.07452−0.0316get 0.0158% / 4h2h 31m$2.4M$2.7M25x
ShortBingX LA-USDT0.07453−0.0668pay 0.0334% / 4h2h 31m$6.6M

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
−$74.06
Price spread: +0.013% → −0.058%
$7.12
Slippage, 4 orders
−$49.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$137.81
Costs to cover
0.709%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago3.34 bp21.1 bp −$21129.5 bp −$1,295doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago1.34 bp11.8 bp −$1250.0 bp −$500631.9 bp −$63.2K1183.5 bp −$591.7K

LA on 10 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
Gate LA_USDT−0.1744%4h0.07463+0.148%$241K$823K50xas long as short
KuCoin LAUSDTM−0.1106%4h0.07458+0.081%$1.0M$87K30xas long as short
Aster LAUSDT−0.0792%4h0.07455+0.037%$51K$24K5xas long as short
OKX LA-USDT-SWAP−0.0673%4h0.07444−0.107%$1.3M$3.1M20xas long as short
BingX LA-USDTshort−0.0668%4h0.07453+0.013%$6.6M
MEXC LA_USDT−0.0656%4h0.07451−0.013%$380K$139K50xas long as short
Binance LAUSDT−0.0654%4h0.07447−0.071%$4.7M$9.8M25xas long as short
Bitget LAUSDT−0.0648%4h0.07453+0.013%$2.1M$527K25xas long as short
Bybit LAUSDTlong−0.0316%4h0.07452long leg$2.4M$2.7M25x
GRVT LA_USDT_Perp+0.0100%4h0.07467+0.198%$151K$479K10xas long as short