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

SAFE

all SAFE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.176%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2042.043% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 7 days+0.018%+$2 · spread now −0.176%, 7d avg −0.152%
Together, before fees−0.005%−$1 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: Bybit is 0.023% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.152%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SAFE-USDT0.10820.0100pay 0.0050% / 4h2h 11m$6.5M
ShortBybit SAFEUSDT0.10800.0100get 0.0050% / 4h2h 11m$1.3M$645K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
Price spread: −0.176% → −0.152%
−$2.33
Slippage, 4 orders
−$183.34
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$206.67
Costs to cover
2.043%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: 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, 9 min ago4.62 bp37.4 bp −$37139.0 bp −$1,390572.8 bp −$57.3K893.9 bp −$447.0K
Sell Bybit live order book, 4 min ago4.17 bp63.5 bp −$63214.8 bp −$2,148doesn't fitdoesn't fit

SAFE on 8 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
Injective SAFE/USDC PERP+0.0033%1h0.1002−7.402%$9$19K5.5xas long as short
Binance SAFEUSDT+0.0100%4h0.1083+0.070%$1.1M$2.1M50xas long as short
Bybit SAFEUSDTshort+0.0100%4h0.1080−0.176%$1.3M$645K25x
MEXC SAFE_USDT+0.0100%4h0.1084+0.157%$394K$130K100xas long as short
Bitget SAFEUSDT+0.0100%4h0.1084+0.176%$397K$266K50xas long as short
BingX SAFE-USDTlong+0.0100%4h0.1082long leg$6.5M
Variational Omni SAFE+0.0100%4h0.1080−0.226%$3K$3Kas long as short
Gate SAFE_USDT+0.0530%4h0.1083+0.111%$706K$70K50xas long as short