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 −0.012%

Price spread now: Bybit against BingX−0.119%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1021.021% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.119%, 7d avg −0.012%

Together, before fees+0.104%+$10 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: Bybit is 0.107% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALT-USDT	0.007573	0.0100	pay 0.0050% / 4h	3h 02m	—	$1.3M	—
Short	Bybit ALTUSDT	0.007564	0.0100	get 0.0050% / 4h	3h 02m	$1.2M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.012%: −$10.72
Slippage, 4 orders: −$81.08
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.8
Costs to cover: 1.021%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 4 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, 13 min ago	4.61 bp	23.4 bp −$23	58.5 bp −$585	614.9 bp −$61.5K	869.8 bp −$434.9K
Sell Bybit live order book, 4 min ago	3.29 bp	28.2 bp −$28	126.0 bp −$1,260	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
Deribit ALT_USDC-PERPETUAL	−0.0278%	1h	0.007572	−0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.558%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007573	+0.003%	$44K	$8K	10x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007565	−0.106%	$1.1M	$141K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007570	−0.046%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007564	−0.119%	$1.2M	$1.8M	25x
Gate ALT_USDT	+0.0100%	8h	0.007567	−0.079%	$48K	$383K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007572	−0.013%	$378K	$182K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007578	+0.066%	$145K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007564	−0.119%	$611K	$127K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDTlong	+0.0100%	4h	0.007573	long leg	—	$1.3M	—
Variational Omni ALT	+0.0100%	4h	0.007588	+0.200%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0148%	4h	0.007594	+0.277%	$172K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.558%	$14K	$3K	50x	as long as short