Funding arb · Price arb /

NOT

all NOT markets

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: Binance against BingX+0.060%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.060%, 7d avg +0.017%

Together, before fees−0.084%−$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: Binance is 0.043% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDT	0.0005017	0.0100	pay 0.0050% / 4h	2h 16m	—	$8.5M	—
Short	Binance NOTUSDT	0.0005020	0.0100	get 0.0050% / 4h	2h 16m	$2.1M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.017%: $4.29
Slippage, 4 orders: −$67.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.94
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: live order book, 4 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	6.01 bp	23.0 bp −$23	93.8 bp −$938	652.1 bp −$65.2K	doesn't fit
Sell Binance live order book, 4 min ago	3.98 bp	21.2 bp −$21	109.3 bp −$1,093	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
Variational Omni NOT	−0.0104%	4h	0.0004998	−0.376%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0030%	4h	0.0005014	−0.060%	$478K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.850%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005031	+0.275%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	−0.140%	$337K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005023	+0.120%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005020	+0.060%	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005012	−0.100%	$2.1M	$893K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005018	+0.020%	$638K	$703K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005020	+0.060%	$138K	$73K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005013	−0.080%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005019	+0.040%	$671K	$499K	50x	as long as short
BingX NOT-USDTlong	+0.0100%	4h	0.0005017	long leg	—	$8.5M	—
Extended kNOT-USD	+0.0104%	1h	0.0005018	+0.012%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0114%	4h	0.0005019	+0.040%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1683%	1h	0.0005030	+0.258%	$49K	$9K	10x	as long as short