Funding arb · Price arb /

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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: BingX against Bitget−0.084%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.084%, 7d avg −0.011%

Together, before fees−0.023%−$2 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: BingX is 0.073% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WUSDT	0.01190	0.0100	pay 0.0050% / 4h	3h 57m	$1.3M	$571K	50x
Short	BingX W-USDT	0.01189	0.0100	get 0.0050% / 4h	3h 57m	—	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.011%: −$7.32
Slippage, 4 orders: −$76.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$106.23
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; BingX: 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 Bitget live order book, 9 min ago	8.47 bp	25.8 bp −$26	100.7 bp −$1,007	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	4.24 bp	23.2 bp −$23	57.6 bp −$576	547.1 bp −$54.7K	1087.3 bp −$543.6K

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0339%	1h	0.01188	−0.134%	$16K	$2K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.597%	$1K	$1K	12x	as long as short
OKX W-USDT-SWAP	+0.0050%	4h	0.01188	−0.168%	$1.3M	$2.0M	20x	as long as short
Hyperliquid W	+0.0100%	1h	0.01190	0.000%	$2.0M	$420K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01189	−0.045%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01188	−0.210%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01188	−0.143%	$448K	$283K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01190	−0.034%	$12.9M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01190	0.000%	$468K	$215K	50x	as long as short
Bitget WUSDTlong	+0.0100%	4h	0.01190	long leg	$1.3M	$571K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDTshort	+0.0100%	4h	0.01189	−0.084%	—	$6.9M	—
Variational Omni W	+0.0100%	4h	0.01182	−0.631%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01185	−0.420%	$127K	$377K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01190	−0.037%	$60K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0280%	1h	0.01189	−0.059%	$14K	$16K	50x	as long as short
Kraken Futures PF_WUSD	+0.1318%	1h	0.01193	+0.233%	$148K	$181K	20x	as long as short
Backpack W_USDC_PERP	+0.1418%	1h	0.01191	+0.092%	$44K	$46K	15x	as long as short