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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against BingX+0.035%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1451.452% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.035%, 7d avg −0.003%
Together, before fees−0.229%−$23 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 0.038% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 4-USDT0.020090.0230pay 0.0115% / 4h2h 55m$1.4M
ShortBinance 4USDT0.020100.0231get 0.0115% / 4h2h 55m$7.9M$13.3M20x

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

Funding earned
$0.14
Price spread: +0.035% → −0.003%
$3.78
Slippage, 4 orders
−$125.18
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$141.25
Costs to cover
1.452%
Break-even
6931.3 days
Slippage from BingX: live order book, 6 min ago; Binance: live order book, 14 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, 6 min ago30.25 bp48.1 bp −$48153.5 bp −$1,535doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.75 bp12.8 bp −$13126.4 bp −$1,264doesn't fitdoesn't fit

4 on 9 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
Bybit 4USDT+0.0100%4h0.02010+0.035%$2.6M$2.0M5xas long as short
Gate 4_USDT+0.0100%4h0.02012+0.114%$536K$296K20xas long as short
Variational Omni 4+0.0100%4h0.02009−0.032%$45K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02008−0.065%$1K$1.4M20xas long as short
Aster 4USDT+0.0192%4h0.02007−0.111%$237K$112K5xas long as short
MEXC 4_USDT+0.0224%4h0.02011+0.085%$1.7M$901K100xas long as short
BingX 4-USDTlong+0.0230%4h0.02009long leg$1.4M
Binance 4USDTshort+0.0231%4h0.02010+0.035%$7.9M$13.3M20x
KuCoin 4USDTM+0.0552%4h0.02009−0.015%$863K$12.4M20xas long as short