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

NIL

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SwapBacktest
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 −0.002%
Price spread now: BingX against Bitget+0.318%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days−0.338%−$34 · spread now +0.318%, 7d avg +0.030%
Together, before fees−0.341%−$34 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 0.289% dearer against Bitget than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NILUSDT0.069110.0100pay 0.0050% / 4h0m 17s$1.8M$8.4M50x
ShortBingX NIL-USDT0.069330.0100get 0.0050% / 4h0m 17s$8.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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
$0
Price spread: +0.318% → +0.030%
$28.88
Slippage, 4 orders
−$82.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$75.22
Costs to cover
1.041%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 3 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 Bitget live order book, 3 min ago5.74 bp22.5 bp −$23150.8 bp −$1,508doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago5.75 bp30.5 bp −$31116.7 bp −$1,167436.9 bp −$43.7K756.7 bp −$378.3K

NIL on 12 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
Aster NILUSDT+0.0100%4h0.06938+0.396%$23K$315K5xas long as short
Binance NILUSDT+0.0100%4h0.06926+0.217%$5.3M$74.0M50xas long as short
Bybit NILUSDT+0.0100%4h0.06933+0.318%$3.8M$13.7M20xas long as short
Gate NIL_USDT+0.0100%4h0.06926+0.217%$447K$2.0M50xas long as short
MEXC NIL_USDT+0.0100%4h0.06927+0.232%$2.3M$4.3M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06938+0.391%$577K$697K30xas long as short
Bitget NILUSDTlong+0.0100%4h0.06911long leg$1.8M$8.4M50x
BingX NIL-USDTshort+0.0100%4h0.06933+0.318%$8.4M
Variational Omni NIL+0.0100%4h0.06972+0.879%$184K$264Kas long as short
Extended NIL-USD+0.0104%1h0.06942+0.441%$21K$93K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NIL-USDT+0.0111%4h0.06955+0.637%$351K$125K50xas long as short
Hyperliquid NIL+0.0865%1h0.06942+0.447%$4.4M$4.6M3xas long as short