Funding arb · Price arb /

H

all H markets

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 BingX−0.275%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$399as in the Funding arb table

Net, price: spread back to 7d avg − costs−$392as in the Price arb table

costs, in and out, $10k−$3743.739% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days+0.271%+$27 · spread now −0.275%, 7d avg −0.092%

Together, before fees+0.019%+$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: Bitget is 0.184% cheaper against BingX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06899	0.0100	pay 0.0050% / 4h	3h 10m	—	$2.7M	—
Short	Bitget HUSDT	0.06880	0.0100	get 0.0050% / 4h	3h 10m	$1.7M	$453K	4x

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 −0.275%Rate

Funding earned: $0
Price spread: −0.275% → −0.092%: −$18.36
Slippage, 4 orders: −$351.94
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$392.3
Costs to cover: 3.739%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 1 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, 9 min ago	0.72 bp	14.2 bp −$14	103.1 bp −$1,031	1075.8 bp −$107.6K	1479.1 bp −$739.5K
Sell Bitget live order book, 1 min ago	7.26 bp	162.5 bp −$162	613.3 bp −$6,133	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	−9.407%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0051%	4h	0.06878	−0.304%	$597K	$114K	25x	as long as short
KuCoin HUSDTM	+0.0092%	4h	0.06886	−0.188%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06897	−0.022%	$114K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06896	−0.041%	$14.8M	$10.8M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06889	−0.145%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06898	−0.014%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06891	−0.116%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06895	−0.058%	$6.2M	$1.1M	20x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.06880	−0.275%	$1.7M	$453K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTlong	+0.0100%	4h	0.06899	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06874	−0.364%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06913	+0.207%	$1.1M	$446K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06893	−0.089%	$9K	$99K	5x	as long as short