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

ATH

all ATH markets
SwapBacktest
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 +0.003%
Price spread now: BingX against OKX+0.091%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1361.357% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.091%, 7d avg +0.061%
Together, before fees+0.124%+$12 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 0.030% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ATH-USDT-SWAP0.0054880.0100pay 0.0050% / 4h2h 00m$698K$1.3M20x
ShortBingX ATH-USDT0.0054930.0100get 0.0050% / 4h2h 00m$21.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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: +0.091% → +0.061%
$2.96
Slippage, 4 orders
−$115.66
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$132.7
Costs to cover
1.357%
Break-even
never at this rate
Slippage from OKX: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago0.91 bp35.1 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago6.37 bp34.9 bp −$3577.5 bp −$775592.8 bp −$59.3K950.3 bp −$475.2K

ATH on 12 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−0.2746%1h0.005492+0.073%$19K$106K10xas long as short
Variational Omni ATH−0.0074%4h0.005488+0.001%$184K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005501+0.237%$11K$575xas long as short
Aster ATHUSDT+0.0100%4h0.005501+0.236%$4K$41K5xas long as short
Binance ATHUSDT+0.0100%4h0.005503+0.273%$3.3M$4.1M50xas long as short
Bybit ATHUSDT+0.0100%4h0.0054880.000%$4.3M$2.5M25xas long as short
OKX ATH-USDT-SWAPlong+0.0100%4h0.005488long leg$698K$1.3M20x
Gate ATH_USDT+0.0100%4h0.005489+0.018%$784K$561K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005502+0.255%$8.8M$624K50xas long as short
KuCoin ATHUSDTM+0.0100%4h0.005490+0.036%$556K$77K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ATHUSDT+0.0100%4h0.005496+0.146%$1.5M$852K25xas long as short
BingX ATH-USDTshort+0.0100%4h0.005493+0.091%$21.7M