Funding arb · Price arb /

H

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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 Binance−0.048%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.048%, 7d avg −0.091%

Together, before fees−0.008%−$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: BingX is 0.043% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06901	0.0100	pay 0.0050% / 4h	2h 07m	$14.8M	$10.4M	10x
Short	BingX H-USDT	0.06898	0.0100	get 0.0050% / 4h	2h 07m	—	$2.7M	—

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 −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.091%: $4.3
Slippage, 4 orders: −$82
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.7
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; BingX: live order book, 12 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	0.72 bp	34.7 bp −$35	251.8 bp −$2,518	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.71 bp	18.1 bp −$18	106.6 bp −$1,066	doesn't fit	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−9.437%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06894	−0.110%	$116K	$48K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06901	long leg	$14.8M	$10.4M	10x
Bybit HUSDT	+0.0100%	4h	0.06887	−0.207%	$7.5M	$4.5M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06903	+0.025%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06891	−0.149%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06900	−0.019%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06895	−0.091%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06883	−0.265%	$1.7M	$454K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.06898	−0.048%	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06913	+0.174%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06906	+0.068%	$1.1M	$469K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06899	−0.031%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0151%	4h	0.06900	−0.019%	$593K	$112K	25x	as long as short