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−$69
spread now+0.208%7d average+0.077%fees + slippage, in and out−$82spread needed0.825%
Long on BingXShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX S-USDT0.038420.0100pay 0.0050% / 4h2h 01m—$7.0M—
ShortBackpack S_USDC_PERP0.038500.0100get 0.0013% / 1h1m 02s$116K$241K5x

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
$20.82
Funding while held
$0
Slippage, 4 orders
−$62.46
Fee BingX: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$61.63
Spread needed to break even
0.825%
Slippage from BingX: live order book, 13 min ago; Backpack: live order book, 39 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 BingX live order book, 13 min ago5.21 bp19.9 bp −$2053.7 bp −$537426.6 bp −$42.7K744.6 bp −$372.3K
Sell Backpack live order book, 39 min ago12.94 bp23.4 bp −$23doesn't fitdoesn't fitdoesn't fit

S price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.03826cheapestBybit0.03838+0.314%OKX0.03840+0.366%01 Exchange0.03840+0.366%Gate0.03840+0.366%KuCoin0.03841+0.392%Extended0.03842+0.412%
BingX0.03842+0.418%
Binance0.03843+0.432%Hyperliquid0.03843+0.442%Reya0.03843+0.446%MEXC0.03844+0.470%BloFin0.03844+0.470%Kraken Futures0.03844+0.474%Aster0.03845+0.497%Bitget0.03845+0.497%Orderly0.03846+0.523%Lighter0.03848+0.575%
Backpack0.03850+0.627%
ApeX Omni0.03850+0.627%Deribit0.03852+0.680%GMX0.03852+0.687%gTrade (Gains Network)0.03852+0.691%Variational Omni0.03859+0.858%
Injective0.04100+7.162%

S on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International S-PERP-INTX−0.416%−0.2080%1h$47K$10K25xas long as short
Bybit SUSDT−0.104%+0.0100%4h$5.5M$9.0M50xas long as short
OKX S-USDT-SWAP−0.052%+0.0045%4h$960K$11.8M20xas long as short
01 Exchange SUSD−0.052%−0.0160%1h$23K$3K5xas long as short
Gate S_USDT−0.052%+0.0100%4h$317K$368K50xas long as short
KuCoin SUSDTM−0.026%+0.0100%4h$1.8M$3.7M50xas long as short
Extended S-USD−0.006%+0.0104%1h$216K$944K10xas long as short
BingX S-USDTlong0.000%+0.0100%4h—$7.0M—
Binance SUSDT+0.014%+0.0100%4h$5.2M$38.3M75xas long as short
Hyperliquid S+0.023%+0.0052%1h$982K$1.4M5xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya SRUSDPERP+0.028%−0.0101%1h$4—15xas long as short
MEXC S_USDT+0.052%+0.0100%4h$3.5M$3.5M200xas long as short
BloFin S-USDT+0.052%+0.0340%4h$274K$259K75xas long as short
Kraken Futures PF_SUSD+0.056%−0.1671%1h$33K$43K10xas long as short
Aster SUSDT+0.078%−0.0234%4h$41K$258K10xas long as short
Bitget SUSDT+0.078%+0.0100%4h$1.2M$4.6M50xas long as short
Orderly PERP_S_USDC+0.104%−0.0107%4h$102K$324K10xas long as short
Lighter S+0.156%+0.0096%1h$161K$309K5xas long as short
Backpack S_USDC_PERPshort+0.208%+0.0100%1h$116K$241K5x
ApeX Omni SUSDT+0.208%+0.0100%1h$20K$494K50xas long as short
Deribit S_USDC-PERPETUAL+0.260%−0.0269%1h$65K$11K10xas long as short
GMX S/USD [WBTC.b-USDC]+0.268%L −0.0225% / S +0.0214%1h$1K—100xas long as short
gTrade (Gains Network) S/USD+0.272%L +0.0001% / S +0.0006%1h$594—150xas long as short
Variational Omni S+0.438%−0.1060%4h$601K$119K—as long as short
Injective S/USDC PERP+6.715%+0.0033%1h$2K$120K12xas long as short