Funding arb · Price arb /

CC

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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−0.025%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.025%, 7d avg +0.025%

Together, before fees+0.071%+$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 0.050% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CCUSDT	0.1178	0.0100	pay 0.0050% / 4h	51m 27s	$11.1M	$11.1M	75x
Short	BingX CC-USDT	0.1178	0.0100	get 0.0050% / 4h	51m 27s	—	$6.6M	—

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 −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.025%: −$5.05
Slippage, 4 orders: −$73.14
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.19
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; BingX: live order book, 10 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, 4 min ago	2.55 bp	18.6 bp −$19	77.4 bp −$774	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.16 bp	27.0 bp −$27	87.8 bp −$878	374.9 bp −$37.5K	1060.5 bp −$530.3K

CC on 19 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
Injective CC/USDC PERP	−0.3320%	1h	0.1150	−2.369%	$6K	$96	5.5x	as long as short
Paradex CC-USD-PERP	+0.0096%	8h	0.1178	+0.011%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1179	+0.067%	$35K	$39K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1178	long leg	$11.1M	$11.1M	75x
Bybit CCUSDT	+0.0100%	4h	0.1178	−0.025%	$10.6M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1178	+0.051%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	−0.136%	$365K	$213K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1177	−0.051%	$1.6M	$313K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1179	+0.059%	$499K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1178	+0.042%	$939K	$787K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTshort	+0.0100%	4h	0.1178	−0.025%	—	$6.6M	—
Variational Omni CC	+0.0100%	4h	0.1173	−0.455%	$583K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1176	−0.136%	$86K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1177	−0.086%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1177	−0.085%	$584K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0445% / S −0.0239%	1h	0.1178	+0.027%	$44K	—	50x	as long as short
Backpack CC_USDC_PERP	+0.0490%	1h	0.1177	−0.034%	$15K	$22K	10x	as long as short
Hyperliquid CC	+0.0861%	1h	0.1181	+0.229%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1432%	1h	0.1183	+0.433%	$236K	$153K	5x	as long as short