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

TURTLE

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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+0.046%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,485as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,479as in the Price arb table
costs, in and out, $10k−$1,48514.848% 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 4 days (all we have)−0.054%−$5 · spread now +0.046%, 7d avg −0.008%
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: Bybit is 0.054% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TURTLE-USDT0.043450.0100pay 0.0050% / 4h2h 12m$6.5M
ShortBybit TURTLEUSDT0.043470.0100get 0.0050% / 4h2h 12m$151K$24K25x

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

Funding earned
$0
Price spread: +0.046% → −0.008%
$5.38
Slippage, 4 orders
−$1,463.76
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,479.39
Costs to cover
14.848%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 37 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, 8 min ago9.22 bp56.2 bp −$56352.5 bp −$3,525doesn't fitdoesn't fit
Sell Bybit live order book, 37 min ago11.63 bp393.2 bp −$393doesn't fitdoesn't fitdoesn't fit

TURTLE on 8 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%4h0.04344−0.030%$2K$2135xas long as short
Binance TURTLEUSDT+0.0100%4h0.04346+0.026%$1.5M$751K20xas long as short
Bybit TURTLEUSDTshort+0.0100%4h0.04347+0.046%$151K$24K25x
Gate TURTLE_USDT+0.0100%8h0.04350+0.115%$89K$22K20xas long as short
MEXC TURTLE_USDT+0.0100%4h0.04346+0.023%$226K$88K20xas long as short
KuCoin TURTLEUSDTM+0.0100%4h0.04340−0.115%$172K$104K20xas long as short
BingX TURTLE-USDTlong+0.0100%4h0.04345long leg$6.5M
Variational Omni TURTLE+0.0100%4h0.04342−0.076%$1K$901as long as short