Funding arb · Price arb /

TURBO

all TURBO markets

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: Bybit against BingX−0.047%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.335%−$34 · spread now −0.047%, 7d avg +0.036%

Together, before fees−0.335%−$34 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: Bybit is 0.083% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TURBO-USDT	0.001063	0.0100	pay 0.0050% / 4h	1h 42m	—	$7.7M	—
Short	Bybit 1000TURBOUSDT	0.001062	0.0100	get 0.0050% / 4h	1h 42m	$398K	$732K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.036%: −$8.31
Slippage, 4 orders: −$115.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$144.57
Costs to cover: 1.363%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 13 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, 11 min ago	8.03 bp	30.8 bp −$31	103.2 bp −$1,032	514.0 bp −$51.4K	622.8 bp −$311.4K
Sell Bybit live order book, 13 min ago	9.86 bp	42.5 bp −$42	148.2 bp −$1,482	doesn't fit	doesn't fit

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0088%	1h	0.001062	−0.019%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.612%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001061	−0.141%	$319K	$142K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001063	+0.007%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001061	−0.185%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDTshort	+0.0100%	4h	0.001062	−0.047%	$398K	$732K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001061	−0.169%	$920K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001062	−0.009%	$401K	$243K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001061	−0.160%	$5.3M	$556K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001061	−0.094%	$2.0M	$773K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001062	−0.047%	$1.0M	$475K	25x	as long as short
BingX TURBO-USDTlong	+0.0100%	4h	0.001063	long leg	—	$7.7M	—
Extended TURBO-USD	+0.0104%	1h	0.001062	−0.021%	$125	$171K	5x	as long as short
BloFin TURBO-USDT	+0.0150%	4h	0.001061	−0.141%	$158K	$420K	75x	as long as short