Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.039%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1001.004% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.039%, 7d avg −0.068%

Together, before fees−0.003%$0 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 0.029% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005064	0.0100	pay 0.0050% / 4h	1h 45m	$672K	$411K	50x
Short	BingX NOT-USDT	0.0005062	0.0100	get 0.0050% / 4h	1h 45m	—	$8.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.068%: $2.88
Slippage, 4 orders: −$78.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.55
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from Bitget: live order book, 15 min ago; BingX: live order book, 7 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 Bitget live order book, 15 min ago	6.89 bp	35.1 bp −$35	231.6 bp −$2,316	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.95 bp	19.5 bp −$19	57.0 bp −$570	612.2 bp −$61.2K	1184.1 bp −$592.0K

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	−0.0346%	4h	0.0005053	−0.215%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0198%	4h	0.0005047	−0.336%	$462K	$130K	50x	as long as short
Bybit NOTUSDT	+0.0021%	4h	0.0005056	−0.158%	$2.1M	$861K	25x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.752%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005070	+0.113%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.118%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005060	−0.081%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005063	−0.022%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005064	0.000%	$633K	$651K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005053	−0.217%	$143K	$68K	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	0.0005062	−0.039%	$1.3M	$439K	200x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005064	long leg	$672K	$411K	50x
BingX NOT-USDTshort	+0.0100%	4h	0.0005062	−0.039%	—	$8.8M	—
Extended kNOT-USD	+0.0104%	1h	0.0005062	−0.048%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0128%	4h	0.0005048	−0.316%	—	$16K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1955%	1h	0.0005062	−0.049%	$49K	$9K	10x	as long as short