Funding arb · Price arb /

NOT

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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: BingX against Binance−0.040%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.040%, 7d avg −0.016%

Together, before fees+0.089%+$9 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 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005052	0.0100	pay 0.0050% / 4h	1h 55m	$2.1M	$3.0M	50x
Short	BingX NOT-USDT	0.0005050	0.0100	get 0.0050% / 4h	1h 55m	—	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.016%: −$2.38
Slippage, 4 orders: −$51.87
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.25
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BingX: live order book, 12 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 Binance live order book, 10 min ago	1.99 bp	17.5 bp −$18	127.8 bp −$1,278	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.99 bp	18.5 bp −$18	57.7 bp −$577	567.5 bp −$56.8K	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0156%	4h	0.0005022	−0.597%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.523%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0041%	4h	0.0005034	−0.356%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005063	+0.216%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.040%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005049	−0.055%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005052	long leg	$2.1M	$3.0M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005047	−0.099%	$2.1M	$802K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005054	+0.040%	$612K	$578K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005047	−0.099%	$140K	$78K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005053	+0.020%	$1.3M	$454K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005044	−0.158%	$493K	$118K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005050	−0.040%	$664K	$383K	50x	as long as short
BingX NOT-USDTshort	+0.0100%	4h	0.0005050	−0.040%	—	$7.5M	—
Extended kNOT-USD	+0.0104%	1h	0.0005054	+0.041%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6150%	1h	0.0005082	+0.598%	$49K	$9K	10x	as long as short