data as of
Settings8H · net · $10k
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Price arb /

S

all S markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$87
spread now+0.025%7d average−0.074%fees + slippage, in and out−$97spread needed0.973%
Long on BackpackShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack S_USDC_PERP0.039900.0109pay 0.0014% / 1h8m 22s$121K$205K5x
ShortBingX S-USDT0.039910.0100get 0.0050% / 4h1h 08m—$7.0M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.51
Funding while held
−$0.27
Slippage, 4 orders
−$77.33
Fee Backpack: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$95.09
Spread needed to break even
0.973%
Slippage from Backpack: live order book, 46 min ago; BingX: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
−0.0009%
Per $10,000 a day
−$0.27
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 46 min ago12.84 bp24.6 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago5.06 bp18.0 bp −$1857.1 bp −$571342.5 bp −$34.2K757.8 bp −$378.9K

S price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.03811cheapest01 Exchange0.03840+0.761%ApeX Omni0.03970+4.172%BloFin0.03977+4.356%Variational Omni0.03981+4.465%Gate0.03985+4.566%Reya0.03989+4.670%Bybit0.03989+4.671%
Backpack0.03990+4.697%
Kraken Futures0.03990+4.702%KuCoin0.03991+4.723%
BingX0.03991+4.723%
Aster0.03991+4.730%Extended0.03991+4.731%Lighter0.03992+4.749%MEXC0.03992+4.749%Bitget0.03992+4.749%Hyperliquid0.03993+4.770%OKX0.03993+4.776%Binance0.03994+4.802%gTrade (Gains Network)0.03994+4.809%Orderly0.03995+4.828%GMX0.03996+4.849%Deribit0.04000+4.959%Injective0.04100+7.583%

S on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International S-PERP-INTX−4.486%−0.2344%1h$47K$12K25xas long as short
01 Exchange SUSD−3.759%−1.4344%1h$23K$3K5xas long as short
ApeX Omni SUSDT−0.501%+0.0100%1h$25K$500K50xas long as short
BloFin S-USDT−0.326%+0.0340%4h$285K$248K75xas long as short
Variational Omni S−0.222%−0.1143%4h$618K$124K—as long as short
Gate S_USDT−0.125%+0.0100%4h$334K$405K50xas long as short
Reya SRUSDPERP−0.026%−0.0101%1h$4—15xas long as short
Bybit SUSDT−0.025%+0.0100%4h$5.7M$9.5M50xas long as short
Backpack S_USDC_PERPlong0.000%+0.0109%1h$121K$205K5x
Kraken Futures PF_SUSD+0.005%−0.1628%1h$34K$48K10xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin SUSDTM+0.025%+0.0100%4h$1.9M$3.9M50xas long as short
BingX S-USDTshort+0.025%+0.0100%4h—$7.0M—
Aster SUSDT+0.031%−0.0308%4h$47K$260K10xas long as short
Extended S-USD+0.033%+0.0104%1h$224K$946K10xas long as short
Lighter S+0.050%+0.0096%1h$174K$330K5xas long as short
MEXC S_USDT+0.050%+0.0100%4h$3.7M$3.5M200xas long as short
Bitget SUSDT+0.050%+0.0100%4h$1.2M$4.7M50xas long as short
Hyperliquid S+0.070%+0.0100%1h$1.1M$1.5M5xas long as short
OKX S-USDT-SWAP+0.075%+0.0100%4h$1.0M$12.9M20xas long as short
Binance SUSDT+0.100%+0.0100%4h$5.4M$40.8M75xas long as short
gTrade (Gains Network) S/USD+0.107%L +0.0001% / S +0.0006%1h$616—150xas long as short
Orderly PERP_S_USDC+0.125%−0.0215%4h$105K$336K10xas long as short
GMX S/USD [WBTC.b-USDC]+0.145%L −0.0375% / S +0.0347%1h$1K—100xas long as short
Deribit S_USDC-PERPETUAL+0.251%0.0000%1h$67K$12K10xas long as short
Injective S/USDC PERP+2.757%+0.0033%1h$2K$193K12xas long as short