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

NIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended+0.235%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$255as in the Price arb table
costs, in and out, $10k−$2742.743% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.235%, 7d avg +0.047%
Together, before fees−0.172%+ Points / potential airdropExtended: Active · farm board−$17 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 0.188% dearer against Extended than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NIL-USD0.075250.0104pay 0.0013% / 1h3m 50s$23K$192K5x
ShortBingX NIL-USDT0.075430.0100get 0.0050% / 4h1h 03m$8.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: +0.235% → +0.047%
$18.81
Slippage, 4 orders
−$259.3
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$256.33
Costs to cover
2.743%
Break-even
never at this rate
Slippage from Extended: live order book, 64 min ago; BingX: 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 Extended live order book, 64 min ago5.57 bp137.2 bp −$137622.4 bp −$6,224doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago4.62 bp27.1 bp −$27117.8 bp −$1,178453.2 bp −$45.3K664.0 bp −$332.0K

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%4h0.07533+0.100%$32K$321K5xas long as short
Binance NILUSDT+0.0100%4h0.07532+0.087%$5.8M$56.6M50xas long as short
Bybit NILUSDT+0.0100%4h0.07543+0.235%$4.2M$11.1M20xas long as short
Gate NIL_USDT+0.0100%4h0.07536+0.142%$468K$1.7M50xas long as short
MEXC NIL_USDT+0.0100%4h0.07507−0.244%$2.3M$3.8M100xas long as short
Bitget NILUSDT+0.0100%4h0.07550+0.328%$2.1M$7.0M50xas long as short
BingX NIL-USDTshort+0.0100%4h0.07543+0.235%$8.2M
Variational Omni NIL+0.0100%4h0.07538+0.171%$187K$251Kas long as short
Extended NIL-USDlong+0.0104%1h0.07525long leg$23K$192K5x
BloFin NIL-USDT+0.0112%4h0.07520−0.071%$370K$101K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NILUSDTM+0.0166%4h0.07537+0.155%$568K$565K30xas long as short
Hyperliquid NIL+0.1424%1h0.07526+0.016%$4.8M$4.6M3xas long as short