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

FLEX

RWAall FLEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.122%
Price spread now: Bitget against Binance−0.120%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1851.851% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.143%−$14 on $10k
Price spread, last 2 days (all we have)+0.296%+$30 · spread now −0.120%, 7d avg +0.003%
Together, before fees+0.153%+$15 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: Bitget is 0.123% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance FLEXUSDT110.170get 0.0000% / 8h7h 23m$299K$270K25x
ShortBitget FLEXUSDT110.040get 0.0000% / 8h7h 23m$131K$70K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.120% → +0.003%
−$12.25
Slippage, 4 orders
−$163.13
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$197.39
Costs to cover
1.851%
Break-even
never at this rate
Slippage from Binance: live order book, 38 min ago; Bitget: live order book, 53 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, 38 min ago9.93 bp52.2 bp −$52196.8 bp −$1,968doesn't fitdoesn't fit
Sell Bitget live order book, 53 min ago8.58 bp39.2 bp −$3966.3 bp −$663doesn't fitdoesn't fit

FLEX on 6 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
QFEX FLEX-USD−0.0160%1h109.98−0.174%$1.1M$3.0M10xas long as short
Binance FLEXUSDTlong0.0000%8h110.17long leg$299K$270K25x
Bybit FLEXUSDT0.0000%8h109.91−0.238%$127K$67K25xas long as short
Gate FLEX_USDT0.0000%8h110.21+0.035%$174K$120K20xas long as short
Bitget FLEXUSDTshort0.0000%8h110.04−0.120%$131K$70K20x
HTX FLEX-USDT+0.0100%8h110.21+0.035%$3K$12K10xas long as short