Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget+0.134%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.134%, 7d avg +0.068%

Together, before fees−0.080%−$8 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 0.066% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007489	0.0100	pay 0.0050% / 4h	3h 53m	$600K	$143K	50x
Short	BingX ALT-USDT	0.007499	0.0100	get 0.0050% / 4h	3h 53m	—	$1.3M	—

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

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.068%: $6.6
Slippage, 4 orders: −$93.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.48
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from Bitget: live order book, 41 min ago; BingX: live order book, 5 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 Bitget live order book, 41 min ago	4.68 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.66 bp	24.6 bp −$25	60.8 bp −$608	541.1 bp −$54.1K	785.7 bp −$392.8K

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
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.697%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007500	+0.147%	$1.1M	$135K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007505	+0.214%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007495	+0.080%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007499	+0.134%	$50K	$376K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007504	+0.200%	$378K	$166K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007504	+0.200%	$144K	$20K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007489	long leg	$600K	$143K	50x
BingX ALT-USDTshort	+0.0100%	4h	0.007499	+0.134%	—	$1.3M	—
Variational Omni ALT	+0.0100%	4h	0.007497	+0.110%	$4K	$14K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ALT-USDT	+0.0144%	4h	0.007512	+0.307%	$124K	$8K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0150%	1h	0.007506	+0.227%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	+0.0382%	1h	0.007501	+0.162%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.467%	$13K	$2K	50x	as long as short