Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.158%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1221.215% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now +0.158%, 7d avg +0.090%

Together, before fees+0.176%+ Points / potential airdropExtended: Active · farm board+$18 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 0.068% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TURBO-USD	0.001072	0.0104	pay 0.0013% / 1h	57m 19s	$3K	$167K	5x
Short	BingX TURBO-USDT	0.001074	0.0100	get 0.0050% / 4h	3h 57m	—	$7.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$0.84
Price spread: +0.158% → +0.090%: $6.81
Slippage, 4 orders: −$106.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$115.55
Costs to cover: 1.215%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; BingX: live order book, 6 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 Extended live order book, 59 min ago	14.12 bp	40.2 bp −$40	315.3 bp −$3,153	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.23 bp	17.7 bp −$18	57.4 bp −$574	382.0 bp −$38.2K	579.4 bp −$289.7K

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	−0.0193%	1h	0.001069	−0.272%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.309%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001074	+0.158%	$312K	$150K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001075	+0.218%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001073	+0.091%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001074	+0.195%	$397K	$738K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001071	−0.131%	$918K	$2.0M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001074	+0.195%	$392K	$275K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001073	+0.083%	$5.5M	$572K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001074	+0.158%	$1.9M	$808K	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	0.001073	+0.064%	$1.1M	$512K	25x	as long as short
BingX TURBO-USDTshort	+0.0100%	4h	0.001074	+0.158%	—	$7.7M	—
Extended TURBO-USDlong	+0.0104%	1h	0.001072	long leg	$3K	$167K	5x
BloFin TURBO-USDT	+0.0129%	4h	0.001066	−0.551%	$156K	$442K	75x	as long as short