Funding arb · Price arb /

S

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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 Bitget+0.074%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.151%−$15 · spread now +0.074%, 7d avg −0.064%

Together, before fees−0.081%−$8 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 0.138% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUSDT	0.04033	0.0100	pay 0.0050% / 4h	1h 09m	$1.2M	$2.3M	50x
Short	BingX S-USDT	0.04036	0.0100	get 0.0050% / 4h	1h 09m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.064%: $13.84
Slippage, 4 orders: −$71.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$79.97
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 14 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 Bitget live order book, 3 min ago	7.42 bp	20.0 bp −$20	117.0 bp −$1,170	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	6.18 bp	22.1 bp −$22	69.3 bp −$693	363.9 bp −$36.4K	767.4 bp −$383.7K

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 SUSD	−0.7752%	1h	0.03940	−2.306%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2391%	1h	0.04031	−0.039%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.785%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04039	+0.146%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04033	−0.004%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04039	+0.153%	$623	—	150x	as long as short
Variational Omni S	+0.0033%	4h	0.04036	+0.068%	$626K	$22K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.661%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0086%	4h	0.04033	0.000%	$100K	$591K	10x	as long as short
Lighter S	+0.0096%	1h	0.04039	+0.149%	$172K	$139K	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	0.04034	+0.035%	$1.0M	$577K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04034	+0.034%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04030	−0.074%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04030	−0.074%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04029	−0.099%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04031	−0.050%	$328K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04034	+0.025%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04031	−0.050%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.04033	long leg	$1.2M	$2.3M	50x
BingX S-USDTshort	+0.0100%	4h	0.04036	+0.074%	—	$6.8M	—
ApeX Omni SUSDT	+0.0100%	1h	0.04040	+0.174%	$23K	$488K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04032	−0.016%	$232K	$396K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04034	+0.025%	$277K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0493%	1h	0.04038	+0.124%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1834%	1h	0.04040	+0.174%	$117K	$426K	5x	as long as short