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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against BingX−0.050%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$880.879% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days+0.024%+$2 · spread now −0.050%, 7d avg −0.050%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX S-USDT0.040190.0100pay 0.0050% / 4h2h 18m$6.8M
ShortBybit SUSDT0.040170.0100get 0.0050% / 4h2h 18m$5.7M$4.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.050% → −0.050%
$0
Slippage, 4 orders
−$66.86
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$87.87
Costs to cover
0.879%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago3.74 bp26.2 bp −$2681.3 bp −$813450.7 bp −$45.1K703.8 bp −$351.9K
Sell Bybit live order book, 5 min ago2.49 bp25.5 bp −$2672.4 bp −$724doesn't fitdoesn'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
01 Exchange SUSD−0.9952%1h0.03850−4.205%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1809%1h0.04020+0.016%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1232%1h0.03961−1.443%$48K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04019+0.010%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04019+0.003%$415xas long as short
Variational Omni S−0.0081%4h0.04012−0.167%$623K$25Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04020+0.029%$620150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+2.015%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0084%4h0.04022+0.075%$100K$553K10xas long as short
Lighter S+0.0096%1h0.04027+0.199%$171K$140K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04018−0.025%$1.0M$595K5xas long as short
Aster SUSDT+0.0100%4h0.04022+0.087%$47K$111K10xas long as short
Binance SUSDT+0.0100%4h0.04022+0.075%$5.7M$13.7M75xas long as short
Bybit SUSDTshort+0.0100%4h0.04017−0.050%$5.7M$4.3M50x
OKX S-USDT-SWAP+0.0100%4h0.04020+0.025%$1.0M$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.040190.000%$327K$185K50xas long as short
MEXC S_USDT+0.0100%4h0.04022+0.075%$3.8M$1.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04016−0.075%$1.8M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04022+0.075%$1.2M$2.3M50xas long as short
BingX S-USDTlong+0.0100%4h0.04019long leg$6.8M
ApeX Omni SUSDT+0.0100%1h0.04020+0.025%$24K$483K50xas long as short
Extended S-USD+0.0104%1h0.04019−0.001%$226K$593K10xas long as short
BloFin S-USDT+0.0340%4h0.04024+0.124%$277K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0745%1h0.04026+0.174%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.2365%1h0.04040+0.523%$117K$426K5xas long as short