Funding arb · Price arb /

H

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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 0.000%

Price spread now: Bitget against BingX+0.334%7-day average −0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$368as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3433.431% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 7 days−0.558%−$56 · spread now +0.334%, 7d avg −0.098%

Together, before fees−0.803%−$80 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 0.432% dearer against BingX than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06890	0.0100	pay 0.0050% / 4h	42m 12s	—	$2.7M	—
Short	Bitget HUSDT	0.06913	0.0100	get 0.0050% / 4h	42m 12s	$1.7M	$444K	4x

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 +0.334%Rate

Funding earned: $0
Price spread: +0.334% → −0.098%: $43.21
Slippage, 4 orders: −$321.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$299.88
Costs to cover: 3.431%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 5 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, 7 min ago	2.17 bp	25.5 bp −$25	140.7 bp −$1,407	949.8 bp −$95.0K	1291.7 bp −$645.8K
Sell Bitget live order book, 5 min ago	6.52 bp	150.2 bp −$150	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.289%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0050%	4h	0.06884	−0.087%	$593K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06903	+0.189%	$111K	$59K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06915	+0.363%	$14.7M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06904	+0.200%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06920	+0.435%	$1.8M	$6.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06900	+0.145%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06913	+0.334%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06909	+0.276%	$1.6M	$10.2M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.06913	+0.334%	$1.7M	$444K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTlong	+0.0100%	4h	0.06890	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06885	−0.078%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06891	+0.016%	$1.1M	$475K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06913	+0.336%	$11K	$205K	5x	as long as short