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

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.015%
Price spread now: BingX against Extended+0.020%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$345as in the Funding arb table
Net, price: spread back to 7d avg − costs−$336as in the Price arb table
costs, in and out, $10k−$3463.464% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.020%, 7d avg −0.081%
Together, before fees−0.079%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.100% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended B-USD0.20420.0184pay 0.0023% / 1h53m 56s$16K$219K5x
ShortBingX B-USDT0.20420.0298get 0.0149% / 4h3h 53m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
$23.94
Price spread: +0.020% → −0.081%
$10.04
Slippage, 4 orders
−$331.44
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$312.46
Costs to cover
3.464%
Break-even
98.4 days
Slippage from Extended: live order book, 63 min ago; BingX: live order book, 2 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 Extended live order book, 63 min ago8.32 bp77.2 bp −$77788.3 bp −$7,883doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago31.82 bp55.5 bp −$55172.0 bp −$1,720833.1 bp −$83.3K1210.2 bp −$605.1K

B on 11 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 BUSDT+0.0100%4h0.2038−0.162%$1.8M$964K13xas long as short
Gate B_USDT+0.0100%4h0.2038−0.176%$3.5M$622K20xas long as short
KuCoin BUSDTM+0.0100%4h0.2040−0.064%$1.9M$76K10xas long as short
edgeX BUSDC+0.0154%4h0.2043+0.076%$3K$388K5xas long as short
BloFin B-USDT+0.0163%4h0.2045+0.167%$607K$38K20xas long as short
MEXC B_USDT+0.0174%4h0.2042+0.020%$998K$370K100xas long as short
Binance BUSDT+0.0181%4h0.2042+0.020%$11.8M$2.0M20xas long as short
Extended B-USDlong+0.0184%1h0.2042long leg$16K$219K5x
Bitget BUSDT+0.0288%4h0.2041−0.029%$2.8M$288K10xas long as short
BingX B-USDTshort+0.0298%4h0.2042+0.020%$1.3M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1000%4h0.2041−0.015%$1.9M$222K5xas long as short