Settings8H · net · $10k
Funding arb · Price arb /

ATH

all ATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against BingX−0.053%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1351.354% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 7 days−0.033%−$3 · spread now −0.053%, 7d avg −0.103%
Together, before fees−0.072%−$7 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 0.049% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.103%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ATH-USDT0.0056150.0100pay 0.0050% / 4h3h 09m$21.7M
ShortBybit ATHUSDT0.0056120.0100get 0.0050% / 4h3h 09m$4.5M$2.4M25x

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

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

Funding earned
$0
Price spread: −0.053% → −0.103%
$4.91
Slippage, 4 orders
−$114.37
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$130.46
Costs to cover
1.354%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago7.20 bp29.3 bp −$2976.6 bp −$766576.6 bp −$57.7K911.0 bp −$455.5K
Sell Bybit live order book, 3 min ago5.37 bp32.9 bp −$33131.5 bp −$1,315doesn't fitdoesn't fit

ATH on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ATHUSD−0.2772%1h0.005609−0.099%$19K$106K10xas long as short
Variational Omni ATH−0.0041%4h0.005587−0.497%$187K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005615+0.001%$11K$575xas long as short
Aster ATHUSDT+0.0100%4h0.005620+0.090%$6K$39K5xas long as short
Binance ATHUSDT+0.0100%4h0.005620+0.081%$3.4M$3.9M50xas long as short
Bybit ATHUSDTshort+0.0100%4h0.005612−0.053%$4.5M$2.4M25x
OKX ATH-USDT-SWAP+0.0100%4h0.005607−0.142%$719K$1.3M20xas long as short
Gate ATH_USDT+0.0100%4h0.005609−0.107%$805K$529K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005618+0.053%$9.1M$585K50xas long as short
KuCoin ATHUSDTM+0.0100%4h0.005609−0.107%$567K$76K30xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ATHUSDT+0.0100%4h0.005617+0.036%$1.6M$863K25xas long as short
BingX ATH-USDTlong+0.0100%4h0.005615long leg$21.7M
BloFin ATH-USDT+0.0122%4h0.005605−0.178%$172K$69K75xas long as short