Funding arb · Price arb /

NOT

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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 Binance+0.004%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3103.099% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.004%, 7d avg −0.024%

Together, before fees+0.036%+$4 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 0.028% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005125	0.0100	pay 0.0050% / 4h	3h 07m	$2.1M	$3.1M	50x
Short	BingX NOT-USDC	0.0005125	0.0100	get 0.0050% / 4h	3h 07m	—	$720K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.024%: $2.82
Slippage, 4 orders: −$289.93
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$307.11
Costs to cover: 3.099%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BingX: live order book, 6 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 Binance live order book, 13 min ago	1.96 bp	19.4 bp −$19	118.6 bp −$1,186	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.88 bp	153.9 bp −$154	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Kraken Futures PF_NOTUSD	−0.0330%	1h	0.0005129	+0.079%	$50K	$10K	10x	as long as short
Variational Omni NOT	−0.0124%	4h	0.0005117	−0.159%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.894%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0085%	4h	0.0005121	−0.074%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005135	+0.201%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005130	+0.101%	$375K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005128	+0.070%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005125	long leg	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005123	−0.035%	$2.2M	$833K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005125	+0.004%	$635K	$618K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005125	+0.004%	$143K	$80K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005124	−0.016%	$1.4M	$466K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005118	−0.133%	$467K	$135K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005130	+0.101%	$674K	$396K	50x	as long as short
BingX NOT-USDCshort	+0.0100%	4h	0.0005125	+0.004%	—	$720K	—
Extended kNOT-USD	+0.0104%	1h	0.0005124	−0.020%	$4K	$491	5x	as long as short