Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: BingX against Bybit+0.053%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.053%, 7d avg +0.012%

Together, before fees−0.038%−$4 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 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007606	0.0100	pay 0.0050% / 4h	2h 53m	$1.2M	$1.8M	25x
Short	BingX ALT-USDT	0.007610	0.0100	get 0.0050% / 4h	2h 53m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.012%: $4.09
Slippage, 4 orders: −$83.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$100.61
Costs to cover: 1.047%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 8 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 Bybit live order book, 3 min ago	3.95 bp	34.1 bp −$34	147.7 bp −$1,477	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.63 bp	21.9 bp −$22	55.7 bp −$557	520.3 bp −$52.0K	751.3 bp −$375.6K

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
Kraken Futures PF_ALTUSD	−0.0469%	1h	0.007612	+0.081%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0275%	1h	0.007611	+0.066%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.118%	$837	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0097%	4h	0.007608	+0.026%	$172K	$9K	50x	as long as short
Variational Omni ALT	+0.0100%	4h	0.007598	−0.103%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007606	0.000%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007611	+0.066%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007606	long leg	$1.2M	$1.8M	25x
Gate ALT_USDT	+0.0100%	8h	0.007609	+0.039%	$49K	$370K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007610	+0.053%	$380K	$170K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007616	+0.131%	$146K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007606	0.000%	$614K	$127K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007610	+0.053%	—	$1.3M	—
Coinbase International ALT-PERP-INTX	+0.0408%	1h	0.007691	+1.118%	$14K	$3K	50x	as long as short