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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.034%
Price spread now: Extended against BingX−0.042%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$318as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$3063.055% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.121%−$12 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.042%, 7d avg −0.140%
Together, before fees−0.170%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.098% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.140%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX US-USDT0.016380.0750pay 0.0375% / 4h3h 20m$1.3M
ShortExtended US-USD0.016380.0832get 0.0104% / 1h20m 51s$4K$113K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$17.22
Price spread: −0.042% → −0.140%
$9.79
Slippage, 4 orders
−$290.51
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$278.5
Costs to cover
3.055%
Break-even
120.2 days
Slippage from BingX: live order book, 8 min ago; Extended: live order book, 50 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 ago8.22 bp16.8 bp −$17157.0 bp −$1,5701203.2 bp −$120.3Kdoesn't fit
Sell Extended live order book, 50 min ago6.71 bp104.9 bp −$105doesn't fitdoesn't fitdoesn't fit

US on 11 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
Bybit USUSDT+0.0100%4h0.01639+0.043%$3.2M$878K20xas long as short
Gate US_USDT+0.0100%4h0.01638−0.012%$2.1M$564K20xas long as short
KuCoin USUSDTM+0.0100%4h0.01637−0.092%$4.2M$276K20xas long as short
Variational Omni US+0.0100%4h0.01639+0.057%$16K$3Kas long as short
Bitget USUSDT+0.0436%4h0.01640+0.079%$4.3M$250K10xas long as short
BingX US-USDTlong+0.0750%4h0.01638long leg$1.3M
Aster USUSDT+0.0785%4h0.01641+0.153%$12K$53K5xas long as short
MEXC US_USDT+0.0810%4h0.016380.000%$5.5M$114K100xas long as short
Extended US-USDshort+0.0832%1h0.01638−0.042%$4K$113K5x
Binance USUSDT+0.0836%4h0.01637−0.060%$9.1M$3.1M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin US-USDT+0.0850%4h0.01641+0.177%$481K$49K10xas long as short