Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.009%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.009%, 7d avg −0.027%

Together, before fees−0.016%−$2 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: Binance is 0.035% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1164	0.0100	pay 0.0050% / 4h	45m 10s	—	$6.6M	—
Short	Binance CCUSDT	0.1164	0.0100	get 0.0050% / 4h	45m 10s	$11.0M	$12.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.027%: $3.52
Slippage, 4 orders: −$63.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.88
Costs to cover: 0.834%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: 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 BingX live order book, 7 min ago	5.14 bp	22.8 bp −$23	74.6 bp −$746	457.9 bp −$45.8K	1197.2 bp −$598.6K
Sell Binance live order book, 10 min ago	2.57 bp	25.8 bp −$26	92.5 bp −$925	540.6 bp −$54.1K	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3024%	1h	0.1180	+1.375%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0146%	4h	0.1164	+0.009%	$1.7M	$324K	100x	as long as short
Bybit CCUSDT	−0.0144%	4h	0.1164	+0.017%	$10.6M	$3.9M	25x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1164	−0.032%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1166	+0.206%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1165	+0.100%	$34K	$32K	20x	as long as short
Binance CCUSDTshort	+0.0100%	4h	0.1164	+0.009%	$11.0M	$12.1M	75x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1164	+0.043%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1164	+0.026%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1165	+0.060%	$480K	$122K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1164	−0.026%	$910K	$774K	20x	as long as short
BingX CC-USDTlong	+0.0100%	4h	0.1164	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1164	+0.017%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1163	−0.066%	$592K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1165	+0.061%	$89K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1163	−0.091%	$5K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1164	0.000%	$594K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1165	+0.082%	$43K	—	50x	as long as short
Lighter CC	+0.0840%	1h	0.1170	+0.524%	$242K	$160K	5x	as long as short