Funding arb · Price arb /

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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: BingX against Bybit−0.044%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1271.273% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.044%, 7d avg +0.052%

Together, before fees+0.144%+$14 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 0.096% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5380	0.0100	pay 0.0100% / 8h	6h 02m	$4.7M	$8.5M	75x
Short	BingX AR-USDT	4.5360	0.0100	get 0.0100% / 8h	6h 02m	—	$2.8M	—

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

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 BybitbpFee BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.052%: −$9.56
Slippage, 4 orders: −$106.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$136.88
Costs to cover: 1.273%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 2 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, 5 min ago	2.20 bp	45.3 bp −$45	152.7 bp −$1,527	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	5.51 bp	20.8 bp −$21	38.2 bp −$382	282.0 bp −$28.2K	672.7 bp −$336.3K

AR on 16 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_ARUSD	−0.1684%	1h	4.5486	+0.234%	$56K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.609%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5395	+0.033%	$584K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0097%	8h	4.5340	−0.088%	$2.3M	$19.2M	20x	as long as short
MEXC AR_USDT	+0.0077%	8h	4.5370	−0.022%	$6.5M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0080%	8h	4.5380	0.000%	$9.0M	$52.3M	75x	as long as short
Extended AR-USD	+0.0080%	1h	4.5336	−0.097%	$37K	$240K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5478	+0.216%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5385	+0.010%	$19K	$500K	10x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5380	long leg	$4.7M	$8.5M	75x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5390	+0.022%	$2.5M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5340	−0.088%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5320	−0.132%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.5360	−0.044%	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.5342	−0.084%	$235K	$261K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5410	+0.066%	$20K	$749K	50x	as long as short