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

S

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SwapBacktest
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 Bitget−0.051%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$750.751% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 7 days−0.087%−$9 · spread now −0.051%, 7d avg −0.069%
Together, before fees−0.008%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SUSDT0.039210.0100pay 0.0050% / 4h2h 24m$1.2M$3.0M50x
ShortBingX S-USDT0.039190.0100get 0.0050% / 4h2h 24m$6.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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
Price spread: −0.051% → −0.069%
$1.76
Slippage, 4 orders
−$53.14
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$73.38
Costs to cover
0.751%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 8 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 Bitget live order book, 3 min ago3.84 bp19.1 bp −$1965.7 bp −$657doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago3.85 bp20.0 bp −$2052.2 bp −$522318.8 bp −$31.9K612.0 bp −$306.0K

S on 25 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
Kraken Futures PF_SUSD−0.1455%1h0.03923+0.053%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.423%$47K$5K25xas long as short
Variational Omni S−0.0986%4h0.03913−0.208%$607K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0189% / S +0.0184%1h0.03927+0.156%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03925+0.099%$415xas long as short
Orderly PERP_S_USDC−0.0016%4h0.03926+0.128%$101K$337K10xas long as short
Aster SUSDT−0.0003%4h0.03924+0.070%$43K$212K10xas long as short
01 Exchange SUSD0.0000%1h0.03930+0.230%$24K$3K5xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.03930+0.230%$66K$10K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03928+0.167%$605150xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.565%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03924+0.077%$164K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03919−0.041%$989K$898K5xas long as short
Binance SUSDT+0.0100%4h0.03918−0.087%$5.3M$23.5M75xas long as short
Bybit SUSDT+0.0100%4h0.03914−0.179%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03919−0.051%$976K$7.3M20xas long as short
Gate S_USDT+0.0100%4h0.03917−0.102%$320K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03918−0.077%$3.5M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03916−0.128%$1.8M$3.1M50xas long as short
Bitget SUSDTlong+0.0100%4h0.03921long leg$1.2M$3.0M50x
BingX S-USDTshort+0.0100%4h0.03919−0.051%$6.8M
ApeX Omni SUSDT+0.0100%1h0.03920−0.026%$19K$469K50xas long as short
Extended S-USD+0.0104%1h0.03918−0.085%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03919−0.051%$268K$158K75xas long as short
Backpack S_USDC_PERP+0.0350%1h0.03930+0.230%$114K$291K5xas long as short