Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.124%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.124%, 7d avg +0.023%

Together, before fees−0.105%−$11 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: Binance is 0.101% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALT-USDT	0.007556	0.0100	pay 0.0050% / 4h	2h 14m	—	$1.3M	—
Short	Binance ALTUSDT	0.007565	0.0100	get 0.0050% / 4h	2h 14m	$2.6M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → +0.023%: $10.15
Slippage, 4 orders: −$59.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.8
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Binance: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 2 min ago	5.97 bp	13.4 bp −$13	52.7 bp −$527	548.6 bp −$54.9K	753.5 bp −$376.8K
Sell Binance live order book, 7 min ago	0.66 bp	23.3 bp −$23	88.1 bp −$881	doesn't fit	doesn't fit

ALT on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	−0.0472%	1h	0.007569	+0.167%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007562	+0.079%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.787%	$837	$4K	5.5x	as long as short
Variational Omni ALT	+0.0041%	4h	0.007540	−0.215%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007563	+0.093%	$1.1M	$143K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007565	+0.124%	$2.6M	$3.5M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007557	+0.013%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007559	+0.040%	$50K	$394K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007568	+0.159%	$380K	$172K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007557	+0.013%	$145K	$19K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007556	0.000%	$607K	$132K	50x	as long as short
BingX ALT-USDTlong	+0.0100%	4h	0.007556	long leg	—	$1.3M	—
BloFin ALT-USDT	+0.0158%	4h	0.007554	−0.026%	$169K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0408%	1h	0.007691	+1.787%	$14K	$3K	50x	as long as short