Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.078%7-day average +0.183% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1131.133% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 7 days+0.133%+$13 · spread now +0.078%, 7d avg +0.183%

Together, before fees+0.385%+$39 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: BingX is 0.105% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.183%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06819	0.0100	pay 0.0050% / 4h	2h 03m	$7.4M	$4.7M	13x
Short	BingX H-USDT	0.06824	0.0100	get 0.0050% / 4h	2h 03m	—	$2.7M	—

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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.183%: −$10.55
Slippage, 4 orders: −$92.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$123.88
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 1 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 Bybit live order book, 4 min ago	3.68 bp	36.4 bp −$36	208.7 bp −$2,087	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	0.73 bp	21.0 bp −$21	76.6 bp −$766	doesn't fit	doesn't fit

H on 13 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	−8.340%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06821	+0.035%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06828	+0.138%	$14.7M	$10.9M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06819	long leg	$7.4M	$4.7M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06831	+0.180%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06810	−0.128%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06826	+0.107%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06819	+0.004%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06800	−0.274%	$1.7M	$451K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.06824	+0.078%	—	$2.7M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06805	−0.196%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06821	+0.032%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06824	+0.083%	$9K	$102K	5x	as long as short