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

ATH

all ATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against BingX−0.036%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1251.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 7 days−0.044%−$4 · spread now −0.036%, 7d avg −0.104%
Together, before fees−0.082%−$8 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: Bybit is 0.068% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ATH-USDT0.0055070.0100pay 0.0050% / 4h3h 18m$21.3M
ShortBybit ATHUSDT0.0055050.0100get 0.0050% / 4h3h 18m$4.3M$2.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
Price spread: −0.036% → −0.104%
$6.78
Slippage, 4 orders
−$104.41
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$118.63
Costs to cover
1.254%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 5 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 ago5.50 bp24.5 bp −$2478.5 bp −$785624.8 bp −$62.5K964.7 bp −$482.3K
Sell Bybit live order book, 5 min ago3.66 bp29.8 bp −$30103.1 bp −$1,031doesn't fitdoesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD−0.1681%1h0.005514+0.128%$17K$109K10xas long as short
Variational Omni ATH−0.0133%4h0.005479−0.505%$184K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005498−0.161%$11K$595xas long as short
BloFin ATH-USDT+0.0092%4h0.005500−0.127%$161K$70K75xas long as short
Aster ATHUSDT+0.0100%4h0.005515+0.139%$4K$44K5xas long as short
Binance ATHUSDT+0.0100%4h0.005517+0.182%$3.3M$4.2M50xas long as short
Bybit ATHUSDTshort+0.0100%4h0.005505−0.036%$4.3M$2.7M25x
OKX ATH-USDT-SWAP+0.0100%4h0.005505−0.036%$708K$1.3M20xas long as short
Gate ATH_USDT+0.0100%4h0.005505−0.036%$786K$611K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005512+0.091%$8.9M$674K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ATHUSDTM+0.0100%4h0.005505−0.036%$550K$79K30xas long as short
Bitget ATHUSDT+0.0100%4h0.005512+0.091%$1.5M$920K25xas long as short
BingX ATH-USDTlong+0.0100%4h0.005507long leg$21.3M