Funding arb · Price arb /

IO

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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+0.267%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1301.296% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.080%+$8 · spread now +0.267%, 7d avg +0.077%

Together, before fees+0.080%+$8 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 0.190% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IO-USDT	0.1496	0.0100	pay 0.0050% / 4h	3h 08m	—	$1.3M	—
Short	Bitget IOUSDT	0.1500	0.0100	get 0.0050% / 4h	3h 08m	$1.3M	$1.3M	50x

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 +0.267%Rate

Funding earned: $0
Price spread: +0.267% → +0.077%: $19.03
Slippage, 4 orders: −$107.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$110.53
Costs to cover: 1.296%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 3 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	6.66 bp	31.8 bp −$32	83.5 bp −$835	487.9 bp −$48.8K	doesn't fit
Sell Bitget live order book, 3 min ago	3.33 bp	30.3 bp −$30	179.1 bp −$1,791	doesn't fit	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1498	+0.154%	$1.0M	$363K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1497	+0.087%	$23K	$48K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1497	+0.087%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1497	+0.067%	$1.1M	$898K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1495	−0.033%	$228K	$556K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1496	0.000%	$1.2M	$232K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1497	+0.067%	$357K	$625K	50x	as long as short
Bitget IOUSDTshort	+0.0100%	4h	0.1500	+0.267%	$1.3M	$1.3M	50x
BingX IO-USDTlong	+0.0100%	4h	0.1496	long leg	—	$1.3M	—
Variational Omni IO	+0.0100%	4h	0.1498	+0.115%	$32K	$14K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1497	+0.059%	$4K	$174K	5x	as long as short
BloFin IO-USDT	+0.0127%	4h	0.1500	+0.267%	$192K	$39K	50x	as long as short
Injective IO/USDC PERP	+0.0193%	1h	0.1502	+0.401%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6715%	1h	0.1503	+0.440%	$39K	$10K	10x	as long as short