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

OG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.005%
Price spread now: BingX against Bybit−0.142%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$288as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2932.932% 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)+0.051%+$5 · spread now −0.142%, 7d avg −0.107%
Together, before fees+0.099%+$10 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 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.107%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OGUSDT2.82200.0251pay 0.0251% / 8h2h 41m$529K$156K13x
ShortBingX OG-USDT2.81800.0248get 0.0124% / 4h2h 41m$6.5M

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
−$0.58
Price spread: −0.142% → −0.107%
−$3.52
Slippage, 4 orders
−$272.19
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$297.28
Costs to cover
2.932%
Break-even
never at this rate
Slippage from Bybit: live order book, 63 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 Bybit live order book, 63 min ago5.28 bp128.7 bp −$1291113.3 bp −$11.1Kdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago12.36 bp33.7 bp −$3496.6 bp −$966994.0 bp −$99.4Kdoesn'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%4h2.8176−0.156%$1.9M$1.1M25xas long as short
MEXC OG_USDT+0.0100%4h2.8180−0.142%$732K$230K50xas long as short
KuCoin OGUSDTM+0.0100%4h2.8244+0.085%$166K$61K25xas long as short
Bitget OGUSDT+0.0100%4h2.8196−0.085%$241K$148K20xas long as short
Variational Omni OG+0.0100%8h2.8335+0.408%$1K$462as long as short
BingX OG-USDTshort+0.0248%4h2.8180−0.142%$6.5M
Bybit OGUSDTlong+0.0251%8h2.8220long leg$529K$156K13x
Gate OG_USDT+0.0426%4h2.8230+0.035%$99K$27K25xas long as short