Funding arb · Price arb /

F

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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 +0.105%

Price spread now: BingX against Binance−0.015%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs+$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.523%+$152 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.015%, 7d avg +0.028%

Together, before fees+1.523%+$152 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 0.043% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FUSDT	0.003717	0.0100	pay 0.0050% / 4h	2h 21m	$4.0M	$7.7M	50x
Short	BingX F-USDT	0.003716	0.0100	get 0.0050% / 4h	2h 21m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.028%: −$4.34
Slippage, 4 orders: −$62.94
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$87.29
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; BingX: live order book, 11 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 Binance live order book, 3 min ago	1.35 bp	16.3 bp −$16	52.8 bp −$528	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	5.39 bp	26.0 bp −$26	56.9 bp −$569	642.0 bp −$64.2K	1054.5 bp −$527.3K

F on 10 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
Gate F_USDT	+0.0038%	8h	0.003718	+0.039%	$180K	$1.4M	25x	as long as short
Aster FUSDT	+0.0100%	4h	0.003716	−0.003%	$15K	$30K	5x	as long as short
Binance FUSDTlong	+0.0100%	4h	0.003717	long leg	$4.0M	$7.7M	50x
Bybit FUSDT	+0.0100%	4h	0.003717	+0.012%	$2.4M	$2.6M	25x	as long as short
OKX F-USDT-SWAP	+0.0100%	4h	0.003717	+0.012%	$741K	$2.2M	20x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003717	+0.012%	$642K	$193K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003720	+0.093%	$784K	$1.3M	30x	as long as short
Bitget FUSDT	+0.0100%	4h	0.003717	+0.012%	$510K	$995K	50x	as long as short
BingX F-USDTshort	+0.0100%	4h	0.003716	−0.015%	—	$6.6M	—
Variational Omni F	+0.0100%	4h	0.003717	+0.022%	$700	$379	—	as long as short