Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +2.428%

Price spread now: BingX against 01 Exchange+1.641%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 1.641% dearer against 01 Exchange than usual: you sell high and buy low: +$164 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUSD	0.03840	−0.0056	get 0.0007% / 1h	19m 16s	$23K	$2K	5x
Short	BingX S-USDT	0.03903	0.0100	get 0.0050% / 4h	1h 19m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now +1.641%Rate

Funding earned: $32.76
Price spread: +1.641% → 0.000%: $164.06
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $179.82
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	3.84 bp	17.0 bp −$17	53.7 bp −$537	329.2 bp −$32.9K	730.3 bp −$365.1K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 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
Kraken Futures PF_SUSD	−0.1602%	1h	0.03900	+1.566%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−0.365%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0870%	4h	0.03900	+1.563%	$607K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0197% / S +0.0190%	1h	0.03912	+1.867%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03908	+1.764%	$4	—	15x	as long as short
01 Exchange SUSDlong	−0.0056%	1h	0.03840	long leg	$23K	$2K	5x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03910	+1.816%	$603	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03906	+1.719%	$99K	$344K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+6.771%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03909	+1.797%	$164K	$223K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03903	+1.643%	$979K	$716K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03907	+1.741%	$43K	$212K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03903	+1.641%	$5.3M	$18.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03897	+1.484%	$5.6M	$5.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03903	+1.641%	$978K	$5.6M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03903	+1.641%	$319K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03904	+1.667%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03900	+1.563%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03907	+1.745%	$1.2M	$2.6M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03903	+1.641%	—	$6.8M	—
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+1.823%	$25K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03902	+1.627%	$219K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0262%	1h	0.03911	+1.849%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03906	+1.719%	$267K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0495%	1h	0.03910	+1.823%	$114K	$300K	5x	as long as short