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

NOT

all NOT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.013%
Price spread now: BingX against Bybit+0.178%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$307as in the Price arb table
costs, in and out, $10k−$3253.247% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.178% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NOTUSDT0.00050620.0044pay 0.0022% / 4h2h 08m$2.1M$868K25x
ShortBingX NOT-USDC0.00050710.0100get 0.0050% / 4h2h 08m$722K

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
$11.81
Price spread: +0.178% → 0.000%
$17.78
Slippage, 4 orders
−$303.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$295.15
Costs to cover
3.247%
Break-even
182.0 days
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 65 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, 3 min ago2.96 bp23.8 bp −$2497.5 bp −$975doesn't fitdoesn't fit
Sell BingX live order book, 65 min ago4.88 bp153.9 bp −$154doesn't fitdoesn't fitdoesn't fit

NOT on 15 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
Variational Omni NOT−0.0264%4h0.0005073+0.220%$72K$39Kas long as short
KuCoin NOTUSDTM−0.0096%4h0.0005060−0.040%$463K$134K50xas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.714%$1K$13K5.5xas long as short
Bybit NOTUSDTlong+0.0044%4h0.0005062long leg$2.1M$868K25x
Lighter 1000NOT+0.0096%1h0.0005082+0.399%$11K$5K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005070+0.158%$370K$52K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005070+0.164%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005070+0.166%$2.1M$3.1M50xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005066+0.079%$634K$656K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005070+0.158%$143K$82K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005070+0.158%$1.3M$474K200xas long as short
Bitget NOTUSDT+0.0100%4h0.0005077+0.296%$673K$409K50xas long as short
BingX NOT-USDCshort+0.0100%4h0.0005071+0.178%$722K
Extended kNOT-USD+0.0104%1h0.0005071+0.173%$4K$4915xas long as short
Kraken Futures PF_NOTUSD+0.0203%1h0.0005072+0.204%$49K$10K10xas long as short