Funding arb · Price arb /

SIGN

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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−0.099%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$1921.915% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.099%, 7d avg +0.073%

Together, before fees+0.261%+$26 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 0.173% cheaper against BingX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SIGN-USDT	0.01208	0.0100	pay 0.0050% / 4h	3h 45m	—	$6.6M	—
Short	OKX SIGN-USDT-SWAP	0.01207	0.0100	get 0.0050% / 4h	3h 45m	$655K	$290K	20x

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 −0.099%Rate

Funding earned: $0
Price spread: −0.099% → +0.073%: −$17.28
Slippage, 4 orders: −$171.51
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$208.78
Costs to cover: 1.915%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; OKX: live order book, 5 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, 6 min ago	7.43 bp	34.3 bp −$34	117.2 bp −$1,172	582.2 bp −$58.2K	doesn't fit
Sell OKX live order book, 5 min ago	5.78 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit

SIGN on 12 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
Aster SIGNUSDT	−0.0038%	4h	0.01209	+0.048%	$10K	$5K	5x	as long as short
Variational Omni SIGN	+0.0010%	4h	0.01206	−0.208%	$82K	$2K	—	as long as short
Binance SIGNUSDT	+0.0100%	4h	0.01208	−0.008%	$2.3M	$1.7M	25x	as long as short
Bybit SIGNUSDT	+0.0100%	4h	0.01207	−0.132%	$2.1M	$373K	25x	as long as short
OKX SIGN-USDT-SWAPshort	+0.0100%	4h	0.01207	−0.099%	$655K	$290K	20x
Gate SIGN_USDT	+0.0100%	4h	0.01209	+0.058%	$90K	$39K	25x	as long as short
MEXC SIGN_USDT	+0.0100%	4h	0.01208	−0.025%	$12.2M	$116K	20x	as long as short
KuCoin SIGNUSDTM	+0.0100%	4h	0.01210	+0.141%	$1.5M	$14K	25x	as long as short
Bitget SIGNUSDT	+0.0100%	4h	0.01207	−0.074%	$913K	$184K	25x	as long as short
BingX SIGN-USDTlong	+0.0100%	4h	0.01208	long leg	—	$6.6M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SIGNUSDT	+0.0100%	1h	0.01209	+0.058%	$30K	$667K	50x	as long as short
BloFin SIGN-USDT	+0.0105%	4h	0.01208	−0.050%	$123K	$17K	25x	as long as short