Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.081%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1111.111% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.081%, 7d avg −0.047%

Together, before fees0.000%$0 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: Binance is 0.034% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02484	0.0100	pay 0.0050% / 4h	1h 35m	—	$6.5M	—
Short	Binance STABLEUSDT	0.02482	0.0100	get 0.0050% / 4h	1h 35m	$2.6M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.047%: −$3.39
Slippage, 4 orders: −$91.1
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.49
Costs to cover: 1.111%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Binance: live order book, 15 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, 1 min ago	6.04 bp	32.1 bp −$32	88.2 bp −$882	622.3 bp −$62.2K	1055.9 bp −$528.0K
Sell Binance live order book, 15 min ago	2.02 bp	28.1 bp −$28	101.0 bp −$1,010	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02495	+0.451%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02482	−0.076%	$874K	$177K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02480	−0.156%	$19K	$8K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02482	−0.081%	$2.6M	$2.8M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02486	+0.081%	$1.5M	$732K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02481	−0.121%	$199K	$385K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02482	−0.081%	$173K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02481	−0.121%	$616K	$167K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02490	+0.242%	$184K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02482	−0.081%	$286K	$93K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTlong	+0.0100%	4h	0.02484	long leg	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02485	+0.021%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02481	−0.105%	$2K	$824K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02482	−0.096%	$14K	$143K	10x	as long as short
BloFin STABLE-USDT	+0.0157%	4h	0.02482	−0.081%	$118K	$7K	75x	as long as short