Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2316%/8h= −253.6% APRpaid last 24h −2.300%

Price spread now: 01 Exchange against BingX+0.226%58s7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. 01 Exchange is 0.226% dearer against BingX than usual: you sell high and buy low (spread +0.226% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX S-USDT	0.03981	0.0100	pay 0.0050% / 4h	3h 18m	—	$6.7M	—
Short	01 Exchange SUSD	0.03990	−0.2216	pay 0.0277% / 1h	18m 38s	$25K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee BingXbpFee 01 ExchangebpOrdersPrice spread, now +0.226%Rate

Funding earned: −$486.36
Price spread: +0.226% → 0.000%: $22.61
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$480.75
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 4 min ago; 01 Exchange: no order-book sample. 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 BingX live order book, 4 min ago	3.77 bp	21.4 bp −$21	59.8 bp −$598	482.7 bp −$48.3K	781.7 bp −$390.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

S on 25 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
01 Exchange SUSDshort	−0.2216%	1h	0.03990	+0.226%	$25K	$2K	5x
Kraken Futures PF_SUSD	−0.2029%	1h	0.03982	+0.027%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03959	−0.553%	$49K	$5K	25x	as long as short
Variational Omni S	−0.0762%	4h	0.03982	+0.034%	$619K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03991	+0.249%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03987	+0.154%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03991	+0.239%	$615	—	150x	as long as short
Orderly PERP_S_USDC	+0.0026%	4h	0.03989	+0.201%	$102K	$331K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.989%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03988	+0.176%	$163K	$192K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03987	+0.156%	$997K	$618K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03988	+0.167%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03981	+0.004%	$5.4M	$15.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03978	−0.075%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03981	0.000%	$981K	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03982	+0.025%	$325K	$218K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03985	+0.100%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03985	+0.100%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03985	+0.100%	$1.2M	$2.4M	50x	as long as short
BingX S-USDTlong	+0.0100%	4h	0.03981	long leg	—	$6.7M	—
ApeX Omni SUSDT	+0.0100%	1h	0.03990	+0.226%	$26K	$443K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03980	−0.015%	$224K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0118%	1h	0.04000	+0.477%	$116K	$321K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03986	+0.126%	$269K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0502%	1h	0.03993	+0.301%	$67K	$10K	10x	as long as short