Funding arb · Price arb /

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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−0.029%7-day average −0.063% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$980.983% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.083%−$8 · spread now −0.029%, 7d avg −0.063%

Together, before fees−0.075%−$7 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 0.034% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06828	0.0100	pay 0.0050% / 4h	29m 00s	$4.2M	$3.0M	25x
Short	BingX BASED-USDT	0.06826	0.0100	get 0.0050% / 4h	29m 00s	—	$1.7M	—

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 −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.063%: $3.35
Slippage, 4 orders: −$78.28
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.93
Costs to cover: 0.983%
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	2.93 bp	24.6 bp −$25	113.2 bp −$1,132	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.93 bp	26.6 bp −$27	82.0 bp −$820	doesn't fit	doesn't fit

BASED on 15 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
Binance BASEDUSDTlong	+0.0100%	4h	0.06828	long leg	$4.2M	$3.0M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06821	−0.103%	$2.1M	$584K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06825	−0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06824	−0.059%	$543K	$535K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06828	0.000%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06823	−0.073%	$572K	$79K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	−0.044%	$1.3M	$369K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06826	−0.029%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06810	−0.260%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06820	−0.119%	$89K	$363K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06822	−0.088%	$2K	$820K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06827	−0.019%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0146%	4h	0.06821	−0.103%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0286%	4h	0.06822	−0.088%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0341%	4h	0.06827	−0.015%	$3K	$652	10x	as long as short