Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX+0.116%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

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

costs, in and out, $10k−$1071.065% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.116%, 7d avg +0.032%

Together, before fees−0.289%−$29 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: OKX is 0.084% dearer against BingX than usual: you sell high and buy low, +$8 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 H-USDT	0.06902	0.0100	pay 0.0050% / 4h	1h 02m	—	$2.7M	—
Short	OKX H-USDT-SWAP	0.06910	0.0100	get 0.0050% / 4h	1h 02m	$1.8M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.032%: $8.39
Slippage, 4 orders: −$86.5
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.11
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; OKX: 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, 3 min ago	2.89 bp	18.5 bp −$18	96.5 bp −$965	856.3 bp −$85.6K	1256.0 bp −$628.0K
Sell OKX live order book, 6 min ago	0.73 bp	32.5 bp −$32	doesn't fit	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	−9.447%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0060%	4h	0.06917	+0.217%	$596K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06908	+0.094%	$112K	$59K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06903	+0.014%	$14.7M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06891	−0.154%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06910	+0.116%	$1.8M	$6.6M	10x
Gate H_USDT	+0.0100%	4h	0.06894	−0.116%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06904	+0.029%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06903	+0.014%	$1.6M	$10.2M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06903	+0.014%	$1.7M	$446K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTlong	+0.0100%	4h	0.06902	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06859	−0.619%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06885	−0.251%	$1.1M	$464K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06902	+0.002%	$9K	$100K	5x	as long as short