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: Binance against BingX−0.082%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1181.179% 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+0.130%+$13 · spread now −0.082%, 7d avg +0.012%
Together, before fees+0.095%+$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: Binance is 0.094% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 10000SATS-USDT0.000000012240.0100pay 0.0050% / 4h8m 19s$90.8M
ShortBinance 1000SATSUSDT0.000000012230.0100get 0.0050% / 4h8m 19s$2.1M$5.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: −0.082% → +0.012%
−$9.38
Slippage, 4 orders
−$97.9
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$127.28
Costs to cover
1.179%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Binance: live order book, 15 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, 6 min ago4.10 bp33.0 bp −$33165.4 bp −$1,654720.9 bp −$72.1Kdoesn't fit
Sell Binance live order book, 15 min ago4.10 bp32.3 bp −$32219.3 bp −$2,193doesn't fitdoesn't fit

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+0.0012%4h0.00000001226+0.163%$722K$216K25xas long as short
Binance 1000SATSUSDTshort+0.0100%4h0.00000001223−0.082%$2.1M$5.1M25x
Bybit 10000SATSUSDT+0.0100%4h0.00000001226+0.155%$284K$859K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001225+0.082%$825K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001221−0.245%$352K$243K25xas long as short
MEXC SATS_USDT+0.0100%8h0.000000012240.000%$374K$181K100xas long as short
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001222−0.163%$220K$83K10xas long as short
BingX 10000SATS-USDTlong+0.0100%4h0.00000001224long leg$90.8M