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

SLX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0357%/8h= +39.1% APRnext payment +$1.78 per $10,000 · paid last 24h −0.505%
Price spread now: BloFin against BingX+0.212%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$660.660% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.725%−$72 on $10k
Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.212%, 7d avg +0.066%
Together, before fees−0.852%−$85 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.146% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.725%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SLX-USDT0.066060.0070pay 0.0035% / 4h22m 35s$1.7M
ShortBloFin SLX-USDT0.066200.0427get 0.0213% / 4h22m 35s$167K$3K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$74.92
Price spread: +0.212% → +0.066%
$14.59
Slippage, 4 orders
−$44.03
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$23.49
Costs to cover
0.660%
Break-even
4.8 days
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 39 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, 10 min ago3.02 bp19.9 bp −$2060.2 bp −$602doesn't fitdoesn't fit
Sell BloFin live order book, 39 min ago3.76 bp16.9 bp −$1735.7 bp −$357doesn't fitdoesn't fit

SLX on 11 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
BingX SLX-USDTlong+0.0070%4h0.06606long leg$1.7M
KuCoin SLXUSDTM+0.0100%4h0.06619+0.197%$963K$1.7M20xas long as short
Bitget SLXUSDT+0.0100%4h0.06627+0.318%$1.0M$357K20xas long as short
SunX SLX-USDT+0.0100%4h0.06638+0.484%$1K$423K20xas long as short
Gate SLX_USDT+0.0164%4h0.06617+0.167%$315K$645K25xas long as short
OKX SLX-USDT-SWAP+0.0263%4h0.06630+0.363%$1.8M$1.8M20xas long as short
BloFin SLX-USDTshort+0.0427%4h0.06620+0.212%$167K$3K25x
Binance SLXUSDT+0.0477%4h0.06627+0.323%$2.5M$2.9M25xas long as short
MEXC SLX_USDT+0.0482%4h0.06620+0.212%$1.9M$221K20xas long as short
Aster SLXUSDT+0.0535%4h0.06618+0.177%$15K$28K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SLXUSDT+0.3442%4h0.06594−0.182%$967K$357K20xas long as short