Settings8H · net · $10k
Funding arb · Price arb /

TRUTH

all TRUTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.46 per $10,000 · paid last 24h −0.041%
Price spread now: OKX against BingX+0.066%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1941.940% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.066%, 7d avg +0.040%
Together, before fees−0.035%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.025% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TRUTH-USDT0.013650.1566pay 0.0783% / 4h30m 13s$6.5M
ShortOKX TRUTH-USDT-SWAP0.013660.1658get 0.0829% / 4h30m 13s$226K$336K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$19.38
Price spread: +0.066% → +0.040%
$2.54
Slippage, 4 orders
−$174.04
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$172.11
Costs to cover
1.940%
Break-even
69.2 days
Slippage from BingX: live order book, 5 min ago; OKX: live order book, 25 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, 5 min ago4.03 bp40.9 bp −$41132.9 bp −$1,329doesn't fitdoesn't fit
Sell OKX live order book, 25 min ago4.78 bp60.0 bp −$60572.1 bp −$5,721doesn't fitdoesn't fit

TRUTH on 10 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
Bybit TRUTHUSDT+0.0100%4h0.01366+0.007%$1.3M$421K20xas long as short
Aster TRUTHUSDT+0.0395%4h0.01362−0.256%$36K$6K5xas long as short
Gate TRUTH_USDT+0.0472%4h0.01361−0.337%$423K$53K20xas long as short
BloFin TRUTH-USDT+0.0528%4h0.01363−0.198%$197K$12K50xas long as short
MEXC TRUTH_USDT+0.0572%4h0.01364−0.117%$11.9M$132K20xas long as short
Binance TRUTHUSDT+0.0572%4h0.01364−0.132%$4.4M$1.6M20xas long as short
Extended TRUTH-USD+0.0576%1h0.01364−0.118%$2K$180K5xas long as short
KuCoin TRUTHUSDTM+0.1000%4h0.01363−0.190%$1.0M$49K10xas long as short
BingX TRUTH-USDTlong+0.1566%4h0.01365long leg$6.5M
OKX TRUTH-USDT-SWAPshort+0.1658%4h0.01366+0.066%$226K$336K10x