Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Binance−0.067%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.067%, 7d avg −0.022%

Together, before fees+0.092%+$9 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 0.045% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007492	0.0100	pay 0.0050% / 4h	1h 28m	$2.6M	$3.5M	50x
Short	BingX ALT-USDT	0.007487	0.0100	get 0.0050% / 4h	1h 28m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.022%: −$4.47
Slippage, 4 orders: −$66.61
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.08
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; BingX: live order book, 3 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 Binance live order book, 8 min ago	2.01 bp	21.2 bp −$21	119.0 bp −$1,190	8602.0 bp −$860.2K	doesn't fit
Sell BingX live order book, 3 min ago	5.35 bp	21.9 bp −$22	60.5 bp −$605	533.5 bp −$53.4K	779.6 bp −$389.8K

ALT on 14 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
Variational Omni ALT	−0.0209%	4h	0.007474	−0.246%	$4K	$12K	—	as long as short
Bybit ALTUSDT	+0.0015%	4h	0.007487	−0.067%	$1.2M	$1.6M	25x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0017%	1h	0.007494	+0.027%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.482%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0075%	4h	0.007487	−0.067%	$171K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007487	−0.067%	$1.1M	$185K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007492	long leg	$2.6M	$3.5M	50x
Gate ALT_USDT	+0.0100%	8h	0.007479	−0.174%	$50K	$415K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007491	−0.013%	$388K	$189K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007494	+0.027%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007477	−0.200%	$614K	$100K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007487	−0.067%	—	$1.3M	—
Kraken Futures PF_ALTUSD	+0.0348%	1h	0.007496	+0.049%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.347%	$14K	$3K	50x	as long as short