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 +0.006%

Price spread now: BingX against Bybit−0.027%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

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

costs, in and out, $10k−$1041.037% of the position

Long on Bybit Short on BingX

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−0.014%−$1 · spread now −0.027%, 7d avg +0.014%

Together, before fees+0.062%+$6 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 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007525	0.0100	pay 0.0050% / 4h	2h 18m	$1.2M	$1.7M	25x
Short	BingX ALT-USDT	0.007523	0.0100	get 0.0050% / 4h	2h 18m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.014%: −$4.07
Slippage, 4 orders: −$82.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$107.82
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	4.65 bp	27.6 bp −$28	177.0 bp −$1,770	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.98 bp	22.0 bp −$22	55.8 bp −$558	542.2 bp −$54.2K	858.6 bp −$429.3K

ALT on 14 exchanges

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	+0.0016%	1h	0.007529	+0.053%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.206%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007524	−0.013%	$1.1M	$119K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007528	+0.039%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007525	long leg	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007526	+0.013%	$51K	$375K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007529	+0.053%	$374K	$169K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007535	+0.133%	$146K	$18K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007525	0.000%	$600K	$144K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007523	−0.027%	—	$1.3M	—

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007522	−0.040%	$4K	$12K	—	as long as short
BloFin ALT-USDT	+0.0123%	4h	0.007529	+0.053%	$169K	$6K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0369%	1h	0.007530	+0.071%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0584%	1h	0.007580	+0.731%	$14K	$2K	50x	as long as short