Funding arb · Price arb /

SAFE

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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+0.055%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.055%, 7d avg −0.052%

Together, before fees−0.102%−$10 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 0.107% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SAFEUSDT	0.1094	0.0100	pay 0.0050% / 4h	3h 36m	$394K	$263K	50x
Short	BingX SAFE-USDT	0.1095	0.0100	get 0.0050% / 4h	3h 36m	—	$6.5M	—

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 +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.052%: $10.67
Slippage, 4 orders: −$92.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$104.23
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 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, 9 min ago	4.56 bp	31.9 bp −$32	164.0 bp −$1,640	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	5.47 bp	29.5 bp −$29	118.7 bp −$1,187	564.2 bp −$56.4K	868.0 bp −$434.0K

SAFE on 9 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
Injective SAFE/USDC PERP	+0.0033%	1h	0.1002	−8.410%	$9	$19K	5.5x	as long as short
BloFin SAFE-USDT	+0.0046%	4h	0.1095	+0.046%	$74K	$6K	50x	as long as short
Gate SAFE_USDT	+0.0098%	4h	0.1097	+0.302%	$713K	$57K	50x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1095	+0.113%	$1.1M	$2.1M	50x	as long as short
Bybit SAFEUSDT	+0.0100%	4h	0.1093	−0.101%	$1.3M	$591K	25x	as long as short
MEXC SAFE_USDT	+0.0100%	4h	0.1095	+0.091%	$413K	$125K	100x	as long as short
Bitget SAFEUSDTlong	+0.0100%	4h	0.1094	long leg	$394K	$263K	50x
BingX SAFE-USDTshort	+0.0100%	4h	0.1095	+0.055%	—	$6.5M	—
Variational Omni SAFE	+0.0100%	4h	0.1093	−0.136%	$3K	$3K	—	as long as short