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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0240%/8hnext payment $1.20 per $10,000 · paid last 24h −0.072%
Price spread now: BingX against BloFin−0.034%51s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$870.870% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.283%−$28 on $10k
Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.034%, 7d avg +0.021%
Together, before fees−0.269%−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.056% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CC-USDT0.11610.0340pay 0.0170% / 4h6m 15s$595K$103K75x
ShortBingX CC-USDT0.11610.0100get 0.0050% / 4h6m 15s$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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
−$50.4
Price spread: −0.034% → +0.021%
−$5.56
Slippage, 4 orders
−$64.99
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$142.94
Costs to cover
0.870%
Break-even
never at this rate
Slippage from BloFin: live order book, 24 min ago; BingX: live order book, 5 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 BloFin live order book, 24 min ago6.54 bp25.0 bp −$2578.2 bp −$782doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago5.60 bp22.5 bp −$2269.4 bp −$694352.2 bp −$35.2K1144.8 bp −$572.4K

CC on 19 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
Injective CC/USDC PERP−0.3608%1h0.1151−0.870%$6K$1005.5xas long as short
Paradex CC-USD-PERP+0.0098%8h0.1161+0.004%$1K5xas long as short
Hyperliquid CC+0.0100%1h0.1163+0.189%$5.4M$1.1M3xas long as short
Aster CCUSDT+0.0100%4h0.1161+0.008%$36K$33K20xas long as short
Binance CCUSDT+0.0100%4h0.1161−0.034%$11.2M$9.8M75xas long as short
Bybit CCUSDT+0.0100%4h0.1160−0.069%$10.3M$3.4M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.11610.000%$2.5M$3.2M20xas long as short
Gate CC_USDT+0.0100%4h0.1161+0.017%$362K$203K50xas long as short
MEXC CC_USDT+0.0100%4h0.1161−0.043%$1.7M$300K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1162+0.034%$486K$108K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1161−0.052%$987K$705K20xas long as short
BingX CC-USDTshort+0.0100%4h0.1161−0.034%$6.6M
Backpack CC_USDC_PERP+0.0100%1h0.11610.000%$18K$19K10xas long as short
Variational Omni CC+0.0100%4h0.1161−0.005%$579K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1162+0.103%$81K$2.0M10xas long as short
Derive CC-PERP+0.0100%1h0.1160−0.111%$5K$31K6.7xas long as short
BloFin CC-USDTlong+0.0340%4h0.1161long leg$595K$103K75x
GMX CC/USD [WBTC.b-USDC]L +0.0441% / S −0.0239%1h0.1161+0.009%$43K50xas long as short
Lighter CC+0.1408%1h0.1165+0.362%$234K$151K5xas long as short