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

NIL

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SwapBacktest
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 +0.002%
Price spread now: Bitget against BingX+0.089%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.108%−$11 · spread now +0.089%, 7d avg −0.030%
Together, before fees−0.107%−$11 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: Bitget is 0.119% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX NIL-USDT0.067530.0100pay 0.0050% / 4h2h 19m$8.6M
ShortBitget NILUSDT0.067590.0100get 0.0050% / 4h2h 19m$1.7M$9.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.089% → −0.030%
$11.91
Slippage, 4 orders
−$89.25
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$99.33
Costs to cover
1.112%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 4 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 BingX live order book, 3 min ago6.64 bp25.3 bp −$2590.9 bp −$909534.5 bp −$53.4K817.0 bp −$408.5K
Sell Bitget live order book, 4 min ago6.63 bp23.8 bp −$24119.6 bp −$1,196doesn't fitdoesn't fit

NIL on 12 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
Aster NILUSDT+0.0100%4h0.06754+0.008%$20K$370K5xas long as short
Binance NILUSDT+0.0100%4h0.06757+0.059%$5.3M$84.0M50xas long as short
Bybit NILUSDT+0.0100%4h0.06768+0.222%$3.5M$14.6M20xas long as short
Gate NIL_USDT+0.0100%4h0.06754+0.015%$437K$2.1M50xas long as short
MEXC NIL_USDT+0.0100%4h0.06756+0.044%$2.3M$6.0M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06759+0.089%$477K$719K30xas long as short
Bitget NILUSDTshort+0.0100%4h0.06759+0.089%$1.7M$9.5M50x
BingX NIL-USDTlong+0.0100%4h0.06753long leg$8.6M
Variational Omni NIL+0.0100%4h0.06751−0.028%$50K$153Kas long as short
Extended NIL-USD+0.0104%1h0.06754+0.017%$16K$94K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NIL-USDT+0.0153%4h0.06777+0.355%$356K$160K50xas long as short
Hyperliquid NIL+0.1612%1h0.06779+0.384%$4.1M$4.6M3xas long as short