Funding arb · Price arb /

STABLE

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Swap Backtest

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: Binance against BingX−0.118%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

Long on BingX Short on Binance

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+0.130%+$13 · spread now −0.118%, 7d avg −0.047%

Together, before fees+0.019%+$2 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 0.071% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02490	0.0100	pay 0.0050% / 4h	2h 56m	—	$6.5M	—
Short	Binance STABLEUSDT	0.02487	0.0100	get 0.0050% / 4h	2h 56m	$2.5M	$3.0M	75x

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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.047%: −$7.06
Slippage, 4 orders: −$84.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.72
Costs to cover: 1.047%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: live order book, 9 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 BingX live order book, 9 min ago	5.99 bp	29.7 bp −$30	83.2 bp −$832	624.9 bp −$62.5K	1053.2 bp −$526.6K
Sell Binance live order book, 9 min ago	4.00 bp	25.2 bp −$25	48.4 bp −$484	doesn't fit	doesn't fit

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
BloFin STABLE-USDT	+0.0062%	4h	0.02489	−0.040%	$116K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02503	+0.518%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02488	−0.076%	$877K	$210K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02490	−0.013%	$19K	$7K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02487	−0.118%	$2.5M	$3.0M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02491	+0.052%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02488	−0.080%	$201K	$428K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02489	−0.040%	$173K	$69K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02489	−0.040%	$613K	$172K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02498	+0.321%	$185K	$30K	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	0.02489	−0.040%	$291K	$96K	25x	as long as short
BingX STABLE-USDTlong	+0.0100%	4h	0.02490	long leg	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02492	+0.083%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02487	−0.112%	$2K	$806K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02488	−0.065%	$14K	$146K	10x	as long as short