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

WAXP

all WAXP markets
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: BingX against Binance−0.104%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1411.413% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.032%+$3 on $10k
Price spread, last 6 days (all we have)+0.170%+$17 · spread now −0.104%, 7d avg +0.056%
Together, before fees+0.202%+$20 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 0.160% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance WAXPUSDT0.0055600.0100pay 0.0050% / 4h2h 28m$1.0M$1.1M25x
ShortBingX WAXP-USDT0.0055540.0100get 0.0050% / 4h2h 28m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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: −0.104% → +0.056%
−$16.02
Slippage, 4 orders
−$121.32
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$157.33
Costs to cover
1.413%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; BingX: live order book, 10 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 Binance live order book, 4 min ago2.70 bp32.7 bp −$33302.7 bp −$3,027doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago5.43 bp38.9 bp −$39145.7 bp −$1,457498.6 bp −$49.9K529.4 bp −$264.7K

WAXP on 7 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
Binance WAXPUSDTlong+0.0100%4h0.005560long leg$1.0M$1.1M25x
Bybit WAXPUSDT+0.0100%4h0.005548−0.212%$512K$133K25xas long as short
Gate WAXP_USDT+0.0100%4h0.005541−0.338%$96K$37K20xas long as short
MEXC WAXP_USDT+0.0100%4h0.005558−0.032%$100K$95K20xas long as short
KuCoin WAXPUSDTM+0.0100%4h0.005545−0.266%$210K$37K20xas long as short
Bitget WAXPUSDT+0.0100%4h0.005548−0.212%$250K$173K25xas long as short
BingX WAXP-USDTshort+0.0100%4h0.005554−0.104%$2.3M