Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.073%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1221.221% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.073%, 7d avg −0.033%

Together, before fees+0.250%+$25 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 0.040% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06881	0.0100	pay 0.0050% / 4h	3h 21m	$1.8M	$6.3M	10x
Short	BingX H-USDT	0.06876	0.0100	get 0.0050% / 4h	3h 21m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.033%: −$4
Slippage, 4 orders: −$102.13
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$126.13
Costs to cover: 1.221%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	4.37 bp	37.6 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.96 bp	24.8 bp −$25	128.9 bp −$1,289	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	−9.170%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0051%	4h	0.06842	−0.567%	$591K	$104K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06858	−0.339%	$108K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06873	−0.116%	$14.6M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06868	−0.193%	$7.5M	$4.8M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06881	long leg	$1.8M	$6.3M	10x
Gate H_USDT	+0.0100%	4h	0.06865	−0.233%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06873	−0.116%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06872	−0.131%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06861	−0.291%	$1.7M	$418K	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-USDTshort	+0.0100%	4h	0.06876	−0.073%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06802	−1.146%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06879	−0.026%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06871	−0.144%	$11K	$206K	5x	as long as short