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

NIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended−0.006%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2662.664% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.006%, 7d avg +0.047%
Together, before fees+0.069%+ Points / potential airdropExtended: Active · farm board+$7 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 0.053% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NIL-USD0.072770.0104pay 0.0013% / 1h33m 12s$22K$192K5x
ShortBingX NIL-USDT0.072770.0100get 0.0050% / 4h1h 33m$8.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: −0.006% → +0.047%
−$5.25
Slippage, 4 orders
−$251.42
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$272.52
Costs to cover
2.664%
Break-even
never at this rate
Slippage from Extended: live order book, 35 min ago; BingX: live order book, 10 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 Extended live order book, 35 min ago5.57 bp137.2 bp −$137622.4 bp −$6,224doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago5.57 bp25.1 bp −$25109.6 bp −$1,096441.0 bp −$44.1K795.9 bp −$397.9K

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%4h0.07280+0.042%$24K$320K5xas long as short
Binance NILUSDT+0.0100%4h0.07272−0.081%$5.6M$62.5M50xas long as short
Bybit NILUSDT+0.0100%4h0.07282+0.063%$4.0M$11.8M20xas long as short
Gate NIL_USDT+0.0100%4h0.07274−0.047%$465K$1.6M50xas long as short
MEXC NIL_USDT+0.0100%4h0.07269−0.116%$2.3M$3.7M100xas long as short
Bitget NILUSDT+0.0100%4h0.07278+0.008%$2.0M$7.7M50xas long as short
BingX NIL-USDTshort+0.0100%4h0.07277−0.006%$8.2M
Variational Omni NIL+0.0100%4h0.07263−0.195%$187K$238Kas long as short
Extended NIL-USDlong+0.0104%1h0.07277long leg$22K$192K5x
BloFin NIL-USDT+0.0122%4h0.07289+0.159%$363K$101K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NILUSDTM+0.0182%4h0.07280+0.035%$569K$653K30xas long as short
Hyperliquid NIL+0.1308%1h0.07297+0.269%$4.6M$4.7M3xas long as short