Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: BingX against Binance+0.174%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.174%, 7d avg +0.046%

Together, before fees−0.052%−$5 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 0.128% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02470	0.0100	pay 0.0050% / 4h	2h 41m	$2.4M	$2.7M	75x
Short	BingX STABLE-USDT	0.02474	0.0100	get 0.0050% / 4h	2h 41m	—	$6.5M	—

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

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → +0.046%: $12.81
Slippage, 4 orders: −$65.11
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$72.31
Costs to cover: 0.851%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 10 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 Binance live order book, 9 min ago	2.02 bp	19.6 bp −$20	95.2 bp −$952	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.07 bp	23.0 bp −$23	80.8 bp −$808	705.2 bp −$70.5K	1311.9 bp −$656.0K

STABLE on 15 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
Aster STABLEUSDT	−0.0302%	4h	0.02469	−0.028%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0073%	4h	0.02467	−0.109%	$114K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02488	+0.757%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	+0.033%	$872K	$235K	3x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02470	long leg	$2.4M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02474	+0.174%	$1.5M	$819K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02474	+0.174%	$204K	$417K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02471	+0.053%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02470	+0.012%	$659K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	+0.296%	$174K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02474	+0.174%	$291K	$116K	25x	as long as short
BingX STABLE-USDTshort	+0.0100%	4h	0.02474	+0.174%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02474	+0.175%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02471	+0.045%	$1K	$644K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02469	−0.013%	$12K	$175K	10x	as long as short