Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.044%

Price spread now: Bitget against BingX+0.109%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.036%−$104 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.109%, 7d avg −0.041%

Together, before fees−1.198%−$120 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: Bitget is 0.149% dearer against BingX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX F-USDT	0.003682	0.0100	pay 0.0050% / 4h	1h 38m	—	$6.6M	—
Short	Bitget FUSDT	0.003686	0.0100	get 0.0050% / 4h	1h 38m	$473K	$675K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.041%: $14.92
Slippage, 4 orders: −$56.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.64
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 27 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 BingX live order book, 3 min ago	4.07 bp	16.3 bp −$16	56.1 bp −$561	837.3 bp −$83.7K	1347.3 bp −$673.7K
Sell Bitget live order book, 27 min ago	1.35 bp	23.2 bp −$23	64.4 bp −$644	doesn't fit	doesn't fit

F on 10 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
Aster FUSDT	+0.0100%	4h	0.003683	+0.030%	$15K	$28K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003683	+0.014%	$3.8M	$6.0M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003681	−0.027%	$2.3M	$2.1M	25x	as long as short
OKX F-USDT-SWAP	+0.0100%	4h	0.003679	−0.081%	$702K	$2.0M	20x	as long as short
Gate F_USDT	+0.0100%	8h	0.003684	+0.054%	$135K	$1.2M	25x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003682	0.000%	$596K	$170K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003686	+0.109%	$619K	$1.1M	30x	as long as short
Bitget FUSDTshort	+0.0100%	4h	0.003686	+0.109%	$473K	$675K	50x
BingX F-USDTlong	+0.0100%	4h	0.003682	long leg	—	$6.6M	—
Variational Omni F	+0.0100%	4h	0.003687	+0.145%	$644	$364	—	as long as short