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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: BingX against Binance+0.163%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1091.091% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days−0.227%−$23 · spread now +0.163%, 7d avg −0.014%
Together, before fees−0.193%−$19 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 0.177% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance 1000SATSUSDT0.000000012250.0100pay 0.0050% / 4h58m 11s$2.1M$5.1M25x
ShortBingX 10000SATS-USDT0.000000012270.0100get 0.0050% / 4h58m 11s$90.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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: +0.163% → −0.014%
$17.75
Slippage, 4 orders
−$89.15
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$91.4
Costs to cover
1.091%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; BingX: live order book, 6 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 Binance live order book, 10 min ago4.11 bp24.9 bp −$25358.0 bp −$3,580doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago4.08 bp25.5 bp −$26123.8 bp −$1,238678.7 bp −$67.9K1288.6 bp −$644.3K

SATS 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
Bitget 1000SATSUSDT−0.0014%4h0.000000012250.000%$722K$215K25xas long as short
Binance 1000SATSUSDTlong+0.0100%4h0.00000001225long leg$2.1M$5.1M25x
Bybit 10000SATSUSDT+0.0100%4h0.00000001226+0.073%$284K$856K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001226+0.090%$821K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.000000012250.000%$354K$238K25xas long as short
MEXC SATS_USDT+0.0100%8h0.00000001227+0.163%$359K$177K100xas long as short
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001226+0.082%$220K$83K10xas long as short
BingX 10000SATS-USDTshort+0.0100%4h0.00000001227+0.163%$90.8M