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

TURTLE

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SwapBacktest
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: Binance against BingX−0.023%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1711.715% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.043%+$4 · spread now −0.023%, 7d avg +0.003%
Together, before fees+0.043%+$4 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: Binance is 0.026% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TURTLE-USDT0.043360.0100pay 0.0050% / 4h3h 44m$6.5M
ShortBinance TURTLEUSDT0.043350.0100get 0.0050% / 4h3h 44m$1.5M$696K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$0
Price spread: −0.023% → +0.003%
−$2.56
Slippage, 4 orders
−$151.49
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$174.04
Costs to cover
1.715%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Binance: live order book, 3 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, 11 min ago13.82 bp45.9 bp −$46181.2 bp −$1,812doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago1.15 bp33.7 bp −$34242.8 bp −$2,428doesn't fitdoesn't fit

TURTLE on 9 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
Aster TURTLEUSDT+0.0100%4h0.04333−0.074%$2K$2135xas long as short
Binance TURTLEUSDTshort+0.0100%4h0.04335−0.023%$1.5M$696K20x
Bybit TURTLEUSDT+0.0100%4h0.04337+0.023%$151K$25K25xas long as short
Gate TURTLE_USDT+0.0100%8h0.04342+0.138%$88K$21K20xas long as short
MEXC TURTLE_USDT+0.0100%4h0.043360.000%$226K$86K20xas long as short
KuCoin TURTLEUSDTM+0.0100%4h0.04334−0.046%$175K$104K20xas long as short
BingX TURTLE-USDTlong+0.0100%4h0.04336long leg$6.5M
Variational Omni TURTLE+0.0100%4h0.04335−0.015%$1K$901as long as short
BloFin TURTLE-USDT+0.0122%4h0.04333−0.069%$101K$7K20xas long as short