Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: BingX against edgeX+0.239%70s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.203% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.239% dearer against edgeX than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ETHUSDC	2,770.9	0.0100	pay 0.0050% / 4h	2h 24m	$178.1M	$791.8M	100x
Short	BingX ETH-USDT	2,777.6	0.0100	get 0.0100% / 8h	2h 24m	—	$1.18B	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now +0.239%Rate

Funding earned: $0
Price spread: +0.239% → 0.000%: $23.95
Slippage, 4 orders: −$1.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $3.61
Costs to cover: 0.203%
Break-even: from the start

Slippage from edgeX: live order book, 5 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 edgeX live order book, 5 min ago	0.07 bp	4.9 bp −$5	4.9 bp −$49	5.1 bp −$507	6.4 bp −$3,186
Sell BingX live order book, 10 min ago	0.04 bp	5.0 bp −$5	5.0 bp −$50	5.2 bp −$515	6.0 bp −$3,022

ETH on 55 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
Perpl ETH	−0.0112%	43m	2,776	+0.182%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.175%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,777.4	+0.233%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,777	+0.219%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,773.4	+0.089%	$798K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,777.1	+0.224%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.1	+0.221%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,778.3	+0.266%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0008%	1h	2,772.2	+0.045%	$29K	$22K	20x	as long as short
Phemex ETHUSDT	+0.0014%	8h	2,774.5	+0.128%	$267.2M	$66.1M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0018%	1h	2,771.4	+0.015%	$8.8M	$32.6M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,777.5	+0.235%	$1.71B	$11.92B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,778.1	+0.259%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,777.4	+0.233%	$256.9M	$995.8M	200x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,776.6	+0.204%	$1.61B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0047%	8h	2,777.7	+0.242%	$6.44B	$17.23B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,776.4	+0.198%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,777.5	+0.237%	$3.28B	$9.66B	200x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,777.5	+0.237%	$2.10B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0083%	1h	2,777.4	+0.233%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,774.2	+0.116%	$140.6M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,777.4	+0.232%	$115.5M	$513.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,778.7	+0.278%	$25.4M	$122.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,777.4	+0.233%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,776.8	+0.212%	$16.0M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,776.9	+0.215%	$483K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,776.4	+0.197%	$14.7M	$117.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.9	+0.287%	$3.20B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,777.4	+0.233%	$31.3M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,777.7	+0.243%	$2.52B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.4	+0.197%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,778.9	+0.289%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.181%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,776.6	+0.203%	$424.7M	$741.3M	100x	as long as short
BingX ETH-USDTshort	+0.0100%	8h	2,777.6	+0.239%	—	$1.18B	—
Backpack ETH_USDC_PERP	+0.0100%	1h	2,776.1	+0.186%	$15.4M	$42.6M	50x	as long as short
edgeX ETHUSDClong	+0.0100%	4h	2,770.9	long leg	$178.1M	$791.8M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.8	+0.069%	$161.3M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.4	+0.125%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,777	+0.217%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,778.2	+0.262%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.9	+0.250%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.9	+0.324%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,776.8	+0.211%	$973K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,777.5	+0.237%	$55.3M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,774.6	+0.132%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,777.2	+0.225%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,779.1	+0.295%	$60.2M	$4.63B	50x	as long as short
Kalshi KXETHPERP	+0.0120%	8h	2,775.9	+0.179%	$8.5M	$672.8M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,780.6	+0.349%	$32.6M	$12.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0153%	1h	2,779.4	+0.304%	$258.4M	$224.8M	50x	as long as short
BloFin ETH-USDT	+0.0167%	8h	2,774.5	+0.128%	$285.0M	$195.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,776.7	+0.206%	$7.4M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,779	+0.291%	$87.0M	$330.7M	100x	as long as short
Hibachi ETH/USDT-P	+0.0432%	1h	2,776.9	+0.215%	$284K	$1.5M	20x	as long as short