Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX+0.159%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$340as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3403.403% 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 4 days (all we have)−0.159%−$16 · spread now +0.159%, 7d avg +0.068%

Together, before fees−0.159%−$16 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 0.091% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0005038	0.0100	pay 0.0050% / 4h	2h 30m	—	$721K	—
Short	Bitget NOTUSDT	0.0005046	0.0100	get 0.0050% / 4h	2h 30m	$663K	$382K	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 +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.068%: $9.08
Slippage, 4 orders: −$318.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$331.21
Costs to cover: 3.403%
Break-even: never at this rate

Slippage from BingX: live order book, 28 min ago; Bitget: live order book, 54 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, 28 min ago	3.97 bp	152.4 bp −$152	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	2.96 bp	25.2 bp −$25	128.2 bp −$1,282	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	+0.0024%	4h	0.0005032	−0.113%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.255%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0070%	4h	0.0005040	+0.040%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005048	+0.206%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.040%	$368K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005045	+0.147%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005043	+0.089%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005039	+0.020%	$2.1M	$798K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005039	+0.020%	$610K	$579K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005036	−0.040%	$140K	$76K	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	0.0005043	+0.099%	$1.3M	$488K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005038	0.000%	$490K	$118K	50x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005046	+0.159%	$663K	$382K	50x
BingX NOT-USDClong	+0.0100%	4h	0.0005038	long leg	—	$721K	—
Extended kNOT-USD	+0.0104%	1h	0.0005043	+0.096%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.7078%	1h	0.0005076	+0.754%	$49K	$9K	10x	as long as short