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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BingX+0.019%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$910.912% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 7 days+0.020%+$2 · spread now +0.019%, 7d avg +0.028%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX S-USDT0.043000.0100pay 0.0050% / 4h3h 55m$6.9M
ShortBinance SUSDT0.043010.0100get 0.0050% / 4h3h 55m$6.3M$16.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: +0.019% → +0.028%
−$0.9
Slippage, 4 orders
−$71.21
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$92.11
Costs to cover
0.912%
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; Binance: live order book, 15 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 BingX live order book, 12 min ago5.73 bp26.5 bp −$2770.5 bp −$705419.9 bp −$42.0K682.2 bp −$341.1K
Sell Binance live order book, 15 min ago4.61 bp20.8 bp −$2168.9 bp −$689500.3 bp −$50.0Kdoesn't fit

S on 25 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
Kraken Futures PF_SUSD−0.2632%1h0.04311+0.265%$35K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1248%1h0.04283−0.395%$52K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04317+0.400%$2K100xas long as short
Variational Omni S−0.0116%4h0.04307+0.158%$667K$7Kas long as short
Reya SRUSDPERP−0.0101%1h0.04309+0.211%$415xas long as short
Hyperliquid S−0.0032%1h0.04302+0.047%$1.1M$697K5xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04319+0.434%$665150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−4.651%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0079%4h0.04317+0.395%$107K$615K10xas long as short
Lighter S+0.0096%1h0.04322+0.512%$185K$99K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SUSDT+0.0100%4h0.04303+0.070%$46K$175K10xas long as short
Binance SUSDTshort+0.0100%4h0.04301+0.019%$6.3M$16.4M75x
Bybit SUSDT+0.0100%4h0.04291−0.209%$6.2M$4.7M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04294−0.140%$1.2M$4.8M20xas long as short
Gate S_USDT+0.0100%4h0.04301+0.023%$343K$202K50xas long as short
MEXC S_USDT+0.0100%4h0.04310+0.233%$4.6M$2.2M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04303+0.070%$2.0M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04301+0.023%$1.3M$2.6M50xas long as short
BingX S-USDTlong+0.0100%4h0.04300long leg$6.9M
Backpack S_USDC_PERP+0.0100%1h0.04320+0.465%$101K$470K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.04380+1.860%$26K$505K50xas long as short
Extended S-USD+0.0104%1h0.04300−0.009%$239K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04307+0.163%$241K$121K75xas long as short
Deribit S_USDC-PERPETUAL+0.0676%1h0.04323+0.535%$73K$10K10xas long as short
01 Exchange SUSD+0.6384%1h0.04380+1.860%$27K$2K5xas long as short