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

ONE

all ONE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.207%
Price spread now: BingX against MEXC+0.551%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs+$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$680.680% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.446%+$145 on $10k
Price spread, last 7 days−0.635%−$64 · spread now +0.551%, 7d avg +0.117%
Together, before fees+0.811%+$81 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 0.434% dearer against MEXC than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.117%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ONE_USDT0.0037020.0096pay 0.0012% / 1h58m 04s$11.3M$13.1M20x
ShortBingX ONE-USDT0.0037230.0104get 0.0013% / 1h58m 04s$5.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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
$1.68
Price spread: +0.551% → +0.117%
$43.36
Slippage, 4 orders
−$53.99
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$22.96
Costs to cover
0.680%
Break-even
102.6 days
Slippage from MEXC: live order book, just now; BingX: live order book, 2 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 MEXC live order book, just now0.14 bp20.0 bp −$2068.8 bp −$688285.5 bp −$28.5Kdoesn't fit
Sell BingX live order book, 2 min ago4.57 bp14.1 bp −$1447.3 bp −$473452.5 bp −$45.2K1148.7 bp −$574.3K

ONE on 10 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
OKX ONE-USDT-SWAP−5.1339%1h0.005809+56.885%$7.5M$232.8M10xas long as short
KuCoin ONEUSDTM−0.1344%1h0.003833+3.527%$3.7M$10.9M30xas long as short
BloFin ONE-USDT−0.0860%1h0.003705+0.062%$798K$1.8M50xas long as short
Aster ONEUSDT−0.0660%1h0.003693−0.252%$2.0M$4.1M5xas long as short
Gate ONE_USDT−0.0209%8h0.003692−0.281%$1.6M$12.9M20xas long as short
MEXC ONE_USDTlong+0.0096%1h0.003702long leg$11.3M$13.1M20x
Variational Omni ONE+0.0100%1h0.003732+0.812%$92K$29Kas long as short
Binance ONEUSDT+0.0100%1h0.003703+0.013%$13.4M$293.1M50xas long as short
Bitget ONEUSDT+0.0104%1h0.003747+1.218%$1.8M$26.1M20xas long as short
BingX ONE-USDTshort+0.0104%1h0.003723+0.551%$5.0M