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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.044%
Price spread now: Extended against BingX−0.035%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$3073.071% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.123%−$12 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.035%, 7d avg −0.133%
Together, before fees−0.161%+ Points / potential airdropExtended: Active · farm board−$16 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: Extended is 0.098% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.133%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX US-USDT0.016170.0324pay 0.0162% / 4h39m 55s$1.3M
ShortExtended US-USD0.016170.0320get 0.0040% / 1h39m 55s$3K$164K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$0.84
Price spread: −0.035% → −0.133%
$9.78
Slippage, 4 orders
−$292.14
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$298.2
Costs to cover
3.071%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Extended: live order book, 33 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, 5 min ago11.04 bp48.7 bp −$49238.4 bp −$2,3841311.9 bp −$131.2Kdoesn't fit
Sell Extended live order book, 33 min ago6.44 bp138.1 bp −$138doesn't fitdoesn't fitdoesn't fit

US 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
KuCoin USUSDTM−0.0466%4h0.01611−0.377%$3.9M$452K20xas long as short
Bybit USUSDT+0.0100%4h0.01618+0.031%$3.2M$938K20xas long as short
Gate US_USDT+0.0100%4h0.01616−0.049%$2.0M$622K20xas long as short
Bitget USUSDT+0.0100%4h0.01619+0.124%$4.3M$260K10xas long as short
Variational Omni US+0.0100%4h0.01618+0.067%$16K$4Kas long as short
Aster USUSDT+0.0102%4h0.01617−0.008%$12K$50K5xas long as short
BloFin US-USDT+0.0268%4h0.01631+0.884%$481K$48K10xas long as short
Binance USUSDT+0.0316%4h0.01617−0.009%$9.0M$3.3M10xas long as short
Extended US-USDshort+0.0320%1h0.01617−0.035%$3K$164K5x
MEXC US_USDT+0.0324%4h0.01617−0.019%$5.4M$115K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDTlong+0.0324%4h0.01617long leg$1.3M