Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Orderly−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.043% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_RE_USDC_mythos	0.4639	0.0100	pay 0.0050% / 4h	1h 43m	$4K	—	10x
Short	BingX RE-USDT	0.4637	0.0100	get 0.0050% / 4h	1h 43m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	4.32 bp	12.5 bp −$12	42.3 bp −$423	357.6 bp −$35.8K	1047.1 bp −$523.6K

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RE on 14 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
gTrade (Gains Network) RE/USD	L −0.0025% / S +0.0026%	1h	0.4641	+0.038%	—	—	150x	as long as short
BloFin RE-USDT	+0.0016%	4h	0.4637	−0.043%	$360K	$20K	50x	as long as short
edgeX REUSDC	+0.0030%	4h	0.4636	−0.054%	$8K	$219K	10x	as long as short
MEXC RE_USDT	+0.0034%	4h	0.4640	+0.022%	$1.3M	$430K	50x	as long as short
Binance REUSDT	+0.0039%	4h	0.4639	−0.008%	$8.3M	$8.1M	50x	as long as short
Extended RE-USD	+0.0040%	1h	0.4637	−0.039%	$788	—	5x	as long as short
OKX RE-USDT-SWAP	+0.0068%	4h	0.4638	−0.026%	$1.8M	$3.4M	20x	as long as short
Aster REUSDT	+0.0100%	4h	0.4641	+0.051%	$30K	$22K	20x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4640	+0.022%	$1.4M	$1.2M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4642	+0.060%	$420K	$917K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin REUSDTM	+0.0100%	4h	0.4641	+0.041%	$1.4M	$923K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4639	+0.011%	$1.8M	$541K	20x	as long as short
BingX RE-USDTshort	+0.0100%	4h	0.4637	−0.043%	—	$1.7M	—
Orderly PERP_RE_USDC_mythoslong	+0.0100%	4h	0.4639	long leg	$4K	—	10x