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: BingX against Bybit−0.048%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1441.443% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.048%, 7d avg −0.072%

Together, before fees+0.333%+$33 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 0.024% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02495	0.0100	pay 0.0050% / 4h	1h 18m	$1.5M	$730K	25x
Short	BingX STABLE-USDT	0.02494	0.0100	get 0.0050% / 4h	1h 18m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.072%: $2.36
Slippage, 4 orders: −$123.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$141.89
Costs to cover: 1.443%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 8 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 Bybit live order book, 3 min ago	4.01 bp	35.1 bp −$35	445.5 bp −$4,455	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.04 bp	32.3 bp −$32	87.9 bp −$879	833.4 bp −$83.3K	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	+0.0079%	4h	0.02495	−0.008%	$118K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02505	+0.409%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02493	−0.068%	$877K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02493	−0.081%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02493	−0.088%	$2.6M	$2.7M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02495	long leg	$1.5M	$730K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02494	−0.048%	$201K	$381K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02494	−0.048%	$176K	$58K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02492	−0.128%	$617K	$168K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.152%	$185K	$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 STABLEUSDT	+0.0100%	4h	0.02493	−0.088%	$287K	$92K	25x	as long as short
BingX STABLE-USDTshort	+0.0100%	4h	0.02494	−0.048%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02495	−0.027%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02492	−0.140%	$2K	$832K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02492	−0.110%	$14K	$138K	10x	as long as short