Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.047%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Bybit Short on BingX

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)+0.054%+$5 · spread now +0.047%, 7d avg −0.037%

Together, before fees+0.054%+$5 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 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000TURBOUSDT	0.001057	0.0100	pay 0.0050% / 4h	2h 55m	$395K	$757K	25x
Short	BingX TURBO-USDT	0.001058	0.0100	get 0.0050% / 4h	2h 55m	—	$7.7M	—

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 +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.037%: $8.42
Slippage, 4 orders: −$107.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$120.4
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from Bybit: live order book, 50 min ago; BingX: live order book, 2 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, 50 min ago	10.62 bp	38.4 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	7.10 bp	33.3 bp −$33	80.0 bp −$800	398.5 bp −$39.9K	582.2 bp −$291.1K

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	−0.0115%	1h	0.001056	−0.085%	$69K	$30K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.107%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0066%	4h	0.001059	+0.151%	$156K	$455K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001058	+0.066%	$317K	$167K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001057	−0.003%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001057	−0.032%	$2.9M	$6.2M	50x	as long as short
Bybit 1000TURBOUSDTlong	+0.0100%	4h	0.001057	long leg	$395K	$757K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001057	−0.009%	$884K	$2.1M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001057	−0.009%	$385K	$305K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001057	0.000%	$5.5M	$596K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001058	+0.028%	$1.9M	$821K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001058	+0.066%	$1.0M	$550K	25x	as long as short
BingX TURBO-USDTshort	+0.0100%	4h	0.001058	+0.047%	—	$7.7M	—
Extended TURBO-USD	+0.0104%	1h	0.001057	+0.014%	$452	$229K	5x	as long as short