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

BASED

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SwapBacktest
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 Bitget−0.117%7-day average −0.100% · 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−$102as in the Price arb table
costs, in and out, $10k−$1001.003% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 7 days−0.095%−$10 · spread now −0.117%, 7d avg −0.100%
Together, before fees−0.065%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BASEDUSDT0.068240.0100pay 0.0050% / 4h33m 45s$1.3M$369K25x
ShortBingX BASED-USDT0.068160.0100get 0.0050% / 4h33m 45s$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: −0.117% → −0.100%
−$1.77
Slippage, 4 orders
−$78.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$102.12
Costs to cover
1.003%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 13 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 Bitget live order book, 3 min ago2.20 bp20.9 bp −$2175.5 bp −$755doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago4.39 bp22.9 bp −$2380.6 bp −$806doesn't fitdoesn't fit

BASED on 15 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
Binance BASEDUSDT+0.0100%4h0.06816−0.117%$4.2M$3.0M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06811−0.191%$2.1M$580K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06812−0.176%$2.6M$3.6M20xas long as short
Gate BASED_USDT+0.0100%4h0.06815−0.132%$542K$534K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06815−0.132%$4.8M$644K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06816−0.117%$571K$80K20xas long as short
Bitget BASEDUSDTlong+0.0100%4h0.06824long leg$1.3M$369K25x
BingX BASED-USDTshort+0.0100%4h0.06816−0.117%$1.7M
Variational Omni BASED+0.0100%4h0.06809−0.224%$93K$21Kas long as short
GRVT BASED_USDT_Perp+0.0100%4h0.06820−0.058%$89K$363K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BASED-USDT+0.0100%4h0.06807−0.249%$2K$820K20xas long as short
Extended BASED-USD+0.0104%1h0.06815−0.128%$5K$226K5xas long as short
BloFin BASED-USDT+0.0158%4h0.06816−0.117%$251K$41K25xas long as short
Aster BASEDUSDT+0.0307%4h0.06815−0.128%$29K$6K5xas long as short
Orderly PERP_BASED_USDC+0.0341%4h0.06817−0.103%$3K$65210xas long as short