Funding arb · Price arb /

H

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Swap Backtest

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 0.000%

Price spread now: BingX against OKX0.000%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 7 days−0.028%−$3 · spread now 0.000%, 7d avg −0.032%

Together, before fees+0.162%+$16 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 0.032% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06983	0.0100	pay 0.0050% / 4h	23m 26s	$1.7M	$5.9M	10x
Short	BingX H-USDT	0.06983	0.0100	get 0.0050% / 4h	23m 26s	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.032%: $3.15
Slippage, 4 orders: −$75.35
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$92.2
Costs to cover: 0.954%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 11 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 OKX live order book, 4 min ago	3.58 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	5.72 bp	22.4 bp −$22	119.1 bp −$1,191	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	−10.497%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06985	+0.026%	$115K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06991	+0.121%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06975	−0.107%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06983	long leg	$1.7M	$5.9M	10x
Gate H_USDT	+0.0100%	4h	0.06979	−0.057%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06986	+0.043%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06978	−0.072%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06964	−0.272%	$1.7M	$451K	4x	as long as short
BingX H-USDTshort	+0.0100%	4h	0.06983	0.000%	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06978	−0.069%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06988	+0.067%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06982	−0.016%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0149%	4h	0.06992	+0.129%	$594K	$117K	25x	as long as short