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

OG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Bybit against BingX+0.035%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2652.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.035%, 7d avg +0.107%
Together, before fees−0.047%−$5 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: Bybit is 0.071% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.107%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OG-USDT2.83500.0100pay 0.0050% / 4h1h 19m$6.5M
ShortBybit OGUSDT2.83600.0100get 0.0100% / 8h5h 19m$531K$179K13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.035% → +0.107%
−$7.13
Slippage, 4 orders
−$244.21
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$272.34
Costs to cover
2.652%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 35 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, 6 min ago8.84 bp42.8 bp −$43118.8 bp −$1,188doesn't fitdoesn't fit
Sell Bybit live order book, 35 min ago7.09 bp60.1 bp −$60360.6 bp −$3,606doesn't fitdoesn't fit

OG on 8 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
Binance OGUSDT+0.0100%4h2.8356+0.020%$1.9M$1.1M25xas long as short
Bybit OGUSDTshort+0.0100%8h2.8360+0.035%$531K$179K13x
Gate OG_USDT+0.0100%4h2.8270−0.282%$97K$30K25xas long as short
MEXC OG_USDT+0.0100%4h2.83500.000%$763K$230K50xas long as short
KuCoin OGUSDTM+0.0100%4h2.8331−0.067%$170K$60K25xas long as short
Bitget OGUSDT+0.0100%4h2.8356+0.021%$259K$134K20xas long as short
BingX OG-USDTlong+0.0100%4h2.8350long leg$6.5M
Variational Omni OG+0.0100%8h2.8390+0.140%$1K$262as long as short