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

F

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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 −0.043%
Price spread now: Bybit against BingX+0.054%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$960.958% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.039%−$104 on $10k
Price spread, last 7 days−0.152%−$15 · spread now +0.054%, 7d avg +0.011%
Together, before fees−1.190%−$119 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: Bybit is 0.043% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX F-USDT0.0037250.0100pay 0.0050% / 4h1h 38m$6.6M
ShortBybit FUSDT0.0037270.0100get 0.0050% / 4h1h 38m$2.4M$2.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.054% → +0.011%
$4.32
Slippage, 4 orders
−$74.81
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$91.5
Costs to cover
0.958%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 3 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 BingX live order book, 14 min ago4.04 bp16.4 bp −$1645.1 bp −$451833.7 bp −$83.4K1332.7 bp −$666.3K
Sell Bybit live order book, 3 min ago4.03 bp28.7 bp −$29146.5 bp −$1,465doesn't fitdoesn't fit

F on 10 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
Gate F_USDT+0.0052%8h0.0037250.000%$180K$1.3M25xas long as short
Aster FUSDT+0.0100%4h0.003725+0.006%$15K$24K5xas long as short
Binance FUSDT+0.0100%4h0.003727+0.064%$4.0M$7.5M50xas long as short
Bybit FUSDTshort+0.0100%4h0.003727+0.054%$2.4M$2.5M25x
OKX F-USDT-SWAP+0.0100%4h0.003726+0.027%$742K$2.2M20xas long as short
MEXC F_USDT+0.0100%4h0.003727+0.054%$638K$179K50xas long as short
KuCoin FUSDTM+0.0100%4h0.003726+0.027%$783K$1.3M30xas long as short
Bitget FUSDT+0.0100%4h0.003727+0.054%$496K$996K50xas long as short
BingX F-USDTlong+0.0100%4h0.003725long leg$6.6M
Variational Omni F+0.0100%4h0.003723−0.065%$702$379as long as short