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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Extended against BingX+0.010%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 7 days−0.161%−$16 · spread now +0.010%, 7d avg −0.058%
Together, before fees−0.222%+ Points / potential airdropExtended: Active · farm board−$22 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: Extended is 0.068% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX S-USDT0.040960.0100pay 0.0050% / 4h1h 44m$6.8M
ShortExtended S-USD0.040960.0104get 0.0013% / 1h44m 03s$230K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.010% → −0.058%
$6.77
Slippage, 4 orders
−$101.92
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$109.31
Costs to cover
1.169%
Break-even
917.9 days
Slippage from BingX: live order book, 8 min ago; Extended: 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 BingX live order book, 8 min ago3.65 bp20.7 bp −$2155.7 bp −$557448.3 bp −$44.8K795.0 bp −$397.5K
Sell Extended live order book, 4 min ago6.12 bp38.5 bp −$39254.7 bp −$2,547doesn't fitdoesn't fit

S on 25 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
01 Exchange SUSD−1.0720%1h0.03950−3.564%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1677%1h0.04096−0.001%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−1.807%$48K$16K25xas long as short
Variational Omni S−0.0306%4h0.04092−0.103%$634K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04101+0.122%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04097+0.020%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04101+0.134%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+0.098%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0066%4h0.04099+0.073%$102K$333K10xas long as short
Lighter S+0.0096%1h0.04105+0.220%$171K$156K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04102+0.139%$1.0M$556K5xas long as short
Aster SUSDT+0.0100%4h0.04100+0.106%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04100+0.098%$5.7M$14.0M75xas long as short
Bybit SUSDT+0.0100%4h0.04091−0.122%$5.8M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04098+0.049%$1.0M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.040960.000%$336K$200K50xas long as short
MEXC S_USDT+0.0100%4h0.04101+0.122%$4.0M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04094−0.049%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04102+0.146%$1.2M$2.1M50xas long as short
BingX S-USDTlong+0.0100%4h0.04096long leg$6.8M
ApeX Omni SUSDT+0.0100%1h0.04090−0.146%$25K$451K50xas long as short
Extended S-USDshort+0.0104%1h0.04096+0.010%$230K$1.1M10x
BloFin S-USDT+0.0340%4h0.04088−0.195%$280K$111K75xas long as short
Deribit S_USDC-PERPETUAL+0.0482%1h0.04104+0.195%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1463%1h0.04110+0.342%$121K$359K5xas long as short