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 Bitget+0.036%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1511.510% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.036%, 7d avg +0.005%
Together, before fees−0.018%−$2 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 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget WAXPUSDT0.0055480.0100pay 0.0050% / 4h2h 30m$250K$173K25x
ShortBingX WAXP-USDT0.0055500.0100get 0.0050% / 4h2h 30m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: +0.036% → +0.005%
$3.13
Slippage, 4 orders
−$129.04
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$147.91
Costs to cover
1.510%
Break-even
never at this rate
Slippage from Bitget: live order book, 30 min ago; BingX: live order book, 8 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 Bitget live order book, 30 min ago6.32 bp28.7 bp −$29413.8 bp −$4,138doesn't fitdoesn't fit
Sell BingX live order book, 8 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 WAXPUSDT+0.0100%4h0.005557+0.162%$1.0M$1.1M25xas long as short
Bybit WAXPUSDT+0.0100%4h0.005553+0.090%$512K$133K25xas long as short
Gate WAXP_USDT+0.0100%4h0.005544−0.072%$96K$37K20xas long as short
MEXC WAXP_USDT+0.0100%4h0.005557+0.162%$100K$95K20xas long as short
KuCoin WAXPUSDTM+0.0100%4h0.005549+0.018%$210K$37K20xas long as short
Bitget WAXPUSDTlong+0.0100%4h0.005548long leg$250K$173K25x
BingX WAXP-USDTshort+0.0100%4h0.005550+0.036%$2.3M