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 OKX−0.059%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.059%, 7d avg +0.018%

Together, before fees+0.134%+$13 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 0.078% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06747	0.0100	pay 0.0050% / 4h	2h 28m	$2.6M	$3.3M	20x
Short	BingX BASED-USDT	0.06743	0.0100	get 0.0050% / 4h	2h 28m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.018%: −$7.75
Slippage, 4 orders: −$58.15
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.9
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 9 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 OKX live order book, 4 min ago	0.74 bp	15.5 bp −$15	96.9 bp −$969	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.45 bp	24.8 bp −$25	83.1 bp −$831	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	+0.0073%	4h	0.06749	+0.030%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06756	+0.129%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06741	−0.089%	$2.1M	$573K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06747	long leg	$2.6M	$3.3M	20x
Gate BASED_USDT	+0.0100%	4h	0.06750	+0.044%	$537K	$517K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06754	+0.104%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06740	−0.104%	$562K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06762	+0.222%	$1.3M	$360K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06743	−0.059%	—	$1.6M	—
Variational Omni BASED	+0.0100%	4h	0.06735	−0.175%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	−0.397%	$92K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06748	+0.015%	$1K	$795K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06755	+0.111%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0115%	4h	0.06746	−0.019%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0285%	4h	0.06748	+0.015%	$3K	$652	10x	as long as short