Settings8H · net · $10k
Funding arb · Price arb /

IO

all IO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX−0.019%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1711.711% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.019%, 7d avg −0.012%
Together, before fees−0.123%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX IO-USDT0.15160.0100pay 0.0050% / 4h42m 39s$1.3M
ShortExtended IO-USD0.15160.0104get 0.0013% / 1h42m 39s$5K$171K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.019% → −0.012%
−$0.68
Slippage, 4 orders
−$156.1
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$170.94
Costs to cover
1.711%
Break-even
1431.5 days
Slippage from BingX: live order book, 2 min ago; Extended: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago6.59 bp21.7 bp −$2261.8 bp −$618464.2 bp −$46.4K576.7 bp −$288.3K
Sell Extended live order book, 33 min ago5.62 bp70.2 bp −$70doesn't fitdoesn't fitdoesn't fit

IO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective IO/USDC PERP−0.0159%1h0.1521+0.330%$2K$1035.5xas long as short
Hyperliquid IO+0.0100%1h0.1516−0.013%$1.0M$387K3xas long as short
Aster IOUSDT+0.0100%4h0.1518+0.117%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1517+0.066%$3.0M$6.5M50xas long as short
Bybit IOUSDT+0.0100%4h0.1514−0.132%$1.1M$876K25xas long as short
Gate IO_USDT+0.0100%4h0.1516+0.013%$245K$548K50xas long as short
MEXC IO_USDT+0.0100%4h0.1515−0.066%$1.1M$225K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1515−0.066%$385K$663K50xas long as short
Bitget IOUSDT+0.0100%4h0.15160.000%$1.3M$1.2M50xas long as short
BingX IO-USDTlong+0.0100%4h0.1516long leg$1.3M
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IO+0.0100%4h0.1514−0.144%$30K$5Kas long as short
Extended IO-USDshort+0.0104%1h0.1516−0.019%$5K$171K5x
BloFin IO-USDT+0.0112%4h0.1514−0.132%$194K$31K50xas long as short
Kraken Futures PF_IOUSD+1.2573%1h0.1517+0.061%$39K$19K10xas long as short