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

GIGGLE

all GIGGLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.056%
Price spread now: BingX against Bybit0.000%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1351.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.299%+$30 on $10k
Price spread, last 7 days−0.010%−$1 · spread now 0.000%, 7d avg −0.037%
Together, before fees+0.289%+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GIGGLEUSDT39.8500.0100pay 0.0050% / 4h1h 05m$1.7M$2.1M25x
ShortBingX GIGGLE-USDT39.8500.0238get 0.0119% / 4h1h 05m$6.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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
$28.98
Price spread: 0.000% → −0.037%
$3.68
Slippage, 4 orders
−$114.5
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$102.84
Costs to cover
1.355%
Break-even
31.8 days
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 2 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 Bybit live order book, 1 min ago2.51 bp35.4 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago13.84 bp22.7 bp −$2341.7 bp −$417151.3 bp −$15.1Kdoesn't fit

GIGGLE on 14 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
KuCoin GIGGLEUSDTM−0.0040%4h39.740−0.276%$2.1M$3.7M50xas long as short
BloFin GIGGLE-USDT+0.0091%4h39.750−0.251%$496K$45K50xas long as short
Aster GIGGLEUSDT+0.0100%4h39.812−0.095%$48K$133K5xas long as short
Binance GIGGLEUSDT+0.0100%4h39.833−0.043%$11.6M$17.1M50xas long as short
Bybit GIGGLEUSDTlong+0.0100%4h39.850long leg$1.7M$2.1M25x
OKX GIGGLE-USDT-SWAP+0.0100%4h39.8500.000%$1.4M$5.3M50xas long as short
Gate GIGGLE_USDT+0.0100%4h39.750−0.251%$381K$635K50xas long as short
Bitget GIGGLEUSDT+0.0100%4h39.830−0.050%$1.7M$478K25xas long as short
Variational Omni GIGGLE+0.0100%4h39.788−0.155%$27K$7Kas long as short
GRVT GIGGLE_USDT_Perp+0.0100%4h39.582−0.671%$208K$472K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX GIGGLE-USDT+0.0100%4h39.810−0.100%$1K$1.5M20xas long as short
Extended GIGGLE-USD+0.0104%1h39.750−0.251%$906$159K5xas long as short
MEXC GIGGLE_USDT+0.0238%4h39.800−0.125%$1.4M$760K50xas long as short
BingX GIGGLE-USDTshort+0.0238%4h39.8500.000%$6.7M