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Funding arb · Price arb /

ATH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.031%
Price spread now: BingX against dYdX−0.076%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on dYdXShort on BingX
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.076% cheaper against dYdX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.4 days of funding at the current rate (+$3 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ATH-USD0.005560−0.0006get 0.0001% / 1h14m 59s$11K$165x
ShortBingX ATH-USDT0.0055560.0100get 0.0050% / 4h1h 14m—$21.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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
$22.32
Price spread: −0.076% → 0.000%
−$7.59
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$5.28
Costs to cover
0.200%
Break-even
8.7 days
Slippage unknown: dYdX: no order-book sample; BingX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample—————
Sell BingX live order book, 3 min ago5.41 bp25.6 bp −$2664.8 bp −$648498.2 bp −$49.8K829.7 bp −$414.8K
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.4647%1h0.005553−0.122%$19K$106K10xas long as short
dYdX ATH-USDlong−0.0006%1h0.005560long leg$11K$165x
Variational Omni ATH+0.0052%4h0.005545−0.277%$186K$94K—as long as short
OKX ATH-USDT-SWAP+0.0082%4h0.005554−0.112%$705K$1.2M20xas long as short
BloFin ATH-USDT+0.0088%4h0.005562+0.032%$172K$60K75xas long as short
Aster ATHUSDT+0.0100%4h0.005563+0.045%$4K$37K5xas long as short
Binance ATHUSDT+0.0100%4h0.005562+0.037%$3.4M$3.8M50xas long as short
Bybit ATHUSDT+0.0100%4h0.005554−0.112%$4.5M$2.3M25xas long as short
Gate ATH_USDT+0.0100%4h0.005554−0.112%$793K$522K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005562+0.032%$8.9M$659K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ATHUSDTM+0.0100%4h0.005562+0.032%$570K$77K30xas long as short
Bitget ATHUSDT+0.0100%4h0.005562+0.032%$1.6M$792K25xas long as short
BingX ATH-USDTshort+0.0100%4h0.005556−0.076%—$21.9M—