Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.015%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.272%−$27 · spread now −0.015%, 7d avg −0.103%

Together, before fees−0.241%−$24 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 0.088% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06721	0.0100	pay 0.0050% / 4h	2h 52m	$1.3M	$357K	25x
Short	BingX BASED-USDT	0.06720	0.0100	get 0.0050% / 4h	2h 52m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.103%: $8.76
Slippage, 4 orders: −$70.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$83.55
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 10 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 Bitget live order book, 4 min ago	1.49 bp	22.0 bp −$22	83.4 bp −$834	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	2.98 bp	23.3 bp −$23	82.2 bp −$822	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0095%	4h	0.06727	+0.089%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06722	+0.013%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06727	+0.093%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06713	−0.119%	$2.1M	$572K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06717	−0.060%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06719	−0.030%	$534K	$510K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06724	+0.045%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06719	−0.030%	$566K	$111K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06721	long leg	$1.3M	$357K	25x
BingX BASED-USDTshort	+0.0100%	4h	0.06720	−0.015%	—	$1.6M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06708	−0.186%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06727	+0.094%	$92K	$388K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06719	−0.030%	$1K	$786K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06726	+0.070%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0259%	4h	0.06728	+0.104%	$3K	$652	10x	as long as short