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 Bybit+0.234%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1681.675% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.143%−$14 · spread now +0.234%, 7d avg +0.083%

Together, before fees−0.090%−$9 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 0.151% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06826	0.0100	pay 0.0050% / 4h	53m 56s	$2.1M	$581K	25x
Short	BingX BASED-USDT	0.06842	0.0100	get 0.0050% / 4h	53m 56s	—	$1.7M	—

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 +0.234%Rate

Funding earned: $0
Price spread: +0.234% → +0.083%: $15.09
Slippage, 4 orders: −$146.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$152.46
Costs to cover: 1.675%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	4.39 bp	68.5 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	3.65 bp	24.2 bp −$24	86.8 bp −$868	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
Binance BASEDUSDT	+0.0100%	4h	0.06835	+0.132%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06826	long leg	$2.1M	$581K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06826	0.000%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06837	+0.161%	$543K	$529K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06841	+0.220%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06832	+0.088%	$573K	$98K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06844	+0.264%	$1.3M	$371K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06842	+0.234%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06832	+0.089%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06841	+0.214%	$90K	$363K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06834	+0.117%	$1K	$817K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06839	+0.197%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0152%	4h	0.06849	+0.337%	$253K	$38K	25x	as long as short
Aster BASEDUSDT	+0.0307%	4h	0.06836	+0.154%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0347%	4h	0.06840	+0.205%	$3K	$652	10x	as long as short