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: Bitget against BingX0.000%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now 0.000%, 7d avg +0.032%

Together, before fees−0.007%−$1 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: Bitget is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.032%.

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	49m 50s	—	$6.6M	—
Short	Bitget CCUSDT	0.1164	0.0100	get 0.0050% / 4h	49m 50s	$911K	$772K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.032%: −$3.2
Slippage, 4 orders: −$75.05
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.25
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bitget: live order book, 6 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, 2 min ago	5.14 bp	22.8 bp −$23	74.6 bp −$746	457.9 bp −$45.8K	1197.2 bp −$598.6K
Sell Bitget live order book, 6 min ago	2.14 bp	29.5 bp −$30	87.5 bp −$875	doesn't fit	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	+1.357%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0159%	4h	0.1165	+0.060%	$10.6M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0156%	4h	0.1163	−0.077%	$1.7M	$323K	100x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1166	+0.142%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1166	+0.133%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1166	+0.196%	$34K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1164	−0.052%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1164	+0.026%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1164	+0.009%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1166	+0.137%	$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 CCUSDTshort	+0.0100%	4h	0.1164	0.000%	$911K	$772K	20x
BingX CC-USDTlong	+0.0100%	4h	0.1164	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1163	−0.069%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1166	+0.159%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1167	+0.283%	$81K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1164	−0.056%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1166	+0.172%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1165	+0.076%	$43K	—	50x	as long as short
Lighter CC	+0.0856%	1h	0.1171	+0.550%	$242K	$160K	5x	as long as short