Funding arb · Price arb /

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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 Binance−0.089%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

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

costs, in and out, $10k−$1051.051% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.089%, 7d avg −0.061%

Together, before fees−0.003%$0 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 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06739	0.0100	pay 0.0050% / 4h	1h 58m	$4.2M	$2.8M	25x
Short	BingX BASED-USDT	0.06733	0.0100	get 0.0050% / 4h	1h 58m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.061%: −$2.82
Slippage, 4 orders: −$85.11
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$107.93
Costs to cover: 1.051%
Break-even: never at this rate

Slippage from Binance: live order book, 2 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 Binance live order book, 2 min ago	2.23 bp	23.8 bp −$24	134.9 bp −$1,349	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	5.94 bp	27.6 bp −$28	84.5 bp −$845	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0088%	4h	0.06738	−0.015%	$259K	$52K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06741	+0.025%	$28K	$2K	5x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06739	long leg	$4.2M	$2.8M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06728	−0.163%	$2.1M	$615K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06731	−0.119%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06734	−0.074%	$528K	$568K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06742	+0.045%	$4.9M	$403K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06743	+0.059%	$575K	$227K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06738	−0.015%	$1.3M	$319K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06733	−0.089%	—	$1.7M	—

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06734	−0.068%	$92K	$7K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06758	+0.286%	$95K	$325K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06730	−0.134%	$1K	$862K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06737	−0.031%	$3K	$270K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0204%	4h	0.06734	−0.074%	$3K	$525	10x	as long as short