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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +2.439%
Price spread now: BingX against 01 Exchange+0.051%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.051% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.039300.0008pay 0.0001% / 1h14m 48s$24K$3K5x
ShortBingX S-USDT0.039320.0100get 0.0050% / 4h2h 14m$6.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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
$19.32
Price spread: +0.051% → 0.000%
$5.09
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
$7.41
Costs to cover
0.170%
Break-even
4.3 days
Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell BingX live order book, 7 min ago3.83 bp19.5 bp −$1961.7 bp −$617328.5 bp −$32.9K703.9 bp −$351.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1451%1h0.03933+0.084%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.646%$47K$5K25xas long as short
Variational Omni S−0.0878%4h0.03928−0.055%$611K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0191% / S +0.0184%1h0.03940+0.262%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03935+0.122%$415xas long as short
Orderly PERP_S_USDC−0.0013%4h0.03938+0.204%$99K$342K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03940+0.255%$607150xas long as short
Deribit S_USDC-PERPETUAL+0.0004%1h0.03943+0.331%$66K$10K10xas long as short
01 Exchange SUSDlong+0.0008%1h0.03930long leg$24K$3K5x
Aster SUSDT+0.0026%4h0.03940+0.243%$43K$212K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.326%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03935+0.127%$165K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03929−0.036%$992K$899K5xas long as short
Binance SUSDT+0.0100%4h0.03930+0.008%$5.4M$23.4M75xas long as short
Bybit SUSDT+0.0100%4h0.03928−0.051%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03929−0.025%$979K$7.3M20xas long as short
Gate S_USDT+0.0100%4h0.03929−0.025%$321K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.039300.000%$3.5M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03931+0.025%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03935+0.127%$1.2M$3.0M50xas long as short
BingX S-USDTshort+0.0100%4h0.03932+0.051%$6.8M
ApeX Omni SUSDT+0.0100%1h0.03940+0.254%$25K$471K50xas long as short
Extended S-USD+0.0104%1h0.03927−0.065%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03934+0.102%$268K$159K75xas long as short
Backpack S_USDC_PERP+0.0345%1h0.03940+0.254%$115K$294K5xas long as short