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: Bitget against BingX0.000%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1831.832% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now 0.000%, 7d avg −0.021%

Together, before fees−0.204%−$20 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: Bitget is 0.021% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02455	0.0100	pay 0.0050% / 4h	5m 28s	—	$6.6M	—
Short	Bitget STABLEUSDT	0.02455	0.0100	get 0.0050% / 4h	5m 28s	$281K	$91K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.021%: $2.06
Slippage, 4 orders: −$161.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$181.16
Costs to cover: 1.832%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 45 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, 6 min ago	6.07 bp	25.3 bp −$25	76.2 bp −$762	599.3 bp −$59.9K	1071.1 bp −$535.6K
Sell Bitget live order book, 45 min ago	4.07 bp	62.7 bp −$63	220.7 bp −$2,207	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	+0.0085%	4h	0.02459	+0.163%	$116K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02470	+0.595%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02454	−0.041%	$863K	$185K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02454	−0.052%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02454	−0.061%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02457	+0.065%	$1.5M	$774K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02453	−0.081%	$204K	$405K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02455	0.000%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02454	−0.041%	$587K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02462	+0.285%	$179K	$29K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTshort	+0.0100%	4h	0.02455	0.000%	$281K	$91K	25x
BingX STABLE-USDTlong	+0.0100%	4h	0.02455	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02457	+0.084%	$144K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02454	−0.024%	$1K	$861K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02453	−0.069%	$12K	$132K	10x	as long as short