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: OKX against BingX−0.039%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs−$329as in the Price arb table

costs, in and out, $10k−$3253.252% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.039% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0005068	0.0100	pay 0.0050% / 4h	2h 47m	—	$721K	—
Short	OKX NOT-USDT-SWAP	0.0005066	0.0100	get 0.0050% / 4h	2h 47m	$627K	$648K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → 0.000%: −$3.95
Slippage, 4 orders: −$305.16
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$329.11
Costs to cover: 3.252%
Break-even: never at this rate

Slippage from BingX: live order book, 27 min ago; OKX: live order book, 19 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, 27 min ago	4.88 bp	118.1 bp −$118	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 19 min ago	3.91 bp	25.3 bp −$25	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
Variational Omni NOT	−0.0231%	4h	0.0005058	−0.203%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.828%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0039%	4h	0.0005061	−0.138%	$2.1M	$869K	25x	as long as short
BloFin NOT-USDT	+0.0060%	4h	0.0005072	+0.079%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005078	+0.197%	$11K	$5K	3x	as long as short
KuCoin NOTUSDTM	+0.0098%	4h	0.0005060	−0.158%	$462K	$134K	50x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.039%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005068	+0.008%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005069	+0.028%	$2.1M	$3.2M	50x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005066	−0.039%	$627K	$648K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005060	−0.158%	$143K	$81K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005069	+0.020%	$1.3M	$470K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005071	+0.059%	$669K	$408K	50x	as long as short
BingX NOT-USDClong	+0.0100%	4h	0.0005068	long leg	—	$721K	—
Extended kNOT-USD	+0.0104%	1h	0.0005067	−0.021%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0202%	1h	0.0005079	+0.215%	$50K	$10K	10x	as long as short