Funding arb · Price arb /

POWER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.193%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$2001.998% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.403%+$40 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.193%, 7d avg +0.062%

Together, before fees+0.317%+$32 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 0.131% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POWERUSDT	0.1211	0.0100	pay 0.0050% / 4h	2h 40m	$3.6M	$5.6M	20x
Short	BingX POWER-USDT	0.1213	0.0100	get 0.0050% / 4h	2h 40m	—	$1.4M	—

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 +0.193%Rate

Funding earned: $0
Price spread: +0.193% → +0.062%: $13.12
Slippage, 4 orders: −$179.82
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$186.7
Costs to cover: 1.998%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BingX: live order book, 1 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, 13 min ago	2.86 bp	39.9 bp −$40	328.8 bp −$3,288	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	25.44 bp	60.9 bp −$61	161.6 bp −$1,616	1148.9 bp −$114.9K	1413.4 bp −$706.7K

POWER on 10 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
BloFin POWER-USDT	+0.0040%	4h	0.1218	+0.589%	$170K	$129K	20x	as long as short
Aster POWERUSDT	+0.0100%	4h	0.1212	+0.098%	$23K	$25K	5x	as long as short
Binance POWERUSDTlong	+0.0100%	4h	0.1211	long leg	$3.6M	$5.6M	20x
Bybit POWERUSDT	+0.0100%	4h	0.1212	+0.094%	$2.0M	$1.5M	20x	as long as short
Gate POWER_USDT	+0.0100%	8h	0.1217	+0.465%	$229K	$111K	20x	as long as short
MEXC POWER_USDT	+0.0100%	4h	0.1212	+0.069%	$14.0M	$435K	20x	as long as short
KuCoin POWERUSDTM	+0.0100%	4h	0.1209	−0.138%	$2.4M	$15.1M	20x	as long as short
Bitget POWERUSDT	+0.0100%	4h	0.1213	+0.151%	$3.3M	$507K	20x	as long as short
BingX POWER-USDTshort	+0.0100%	4h	0.1213	+0.193%	—	$1.4M	—
Variational Omni POWER	+0.0100%	4h	0.1217	+0.528%	$18K	$3K	—	as long as short