Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1756%/8h= +192.3% APRpaid last 24h +2.300%

Price spread now: BingX against 01 Exchange+0.125%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and BingX is 0.125% dearer against 01 Exchange than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUSD	0.03990	−0.1656	get 0.0207% / 1h	6m 17s	$25K	$2K	5x
Short	BingX S-USDT	0.03995	0.0100	get 0.0050% / 4h	3h 06m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee BingXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $368.76
Price spread: +0.125% → 0.000%: $12.53
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $364.29
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 16 min ago	3.77 bp	21.8 bp −$22	63.0 bp −$630	329.5 bp −$33.0K	762.3 bp −$381.1K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2023%	1h	0.03993	+0.066%	$34K	$23K	10x	as long as short
01 Exchange SUSDlong	−0.1656%	1h	0.03990	long leg	$25K	$2K	5x
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03959	−0.777%	$49K	$5K	25x	as long as short
Variational Omni S	−0.0685%	4h	0.03984	−0.144%	$620K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03995	+0.118%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03993	+0.076%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03994	+0.104%	$616	—	150x	as long as short
Orderly PERP_S_USDC	+0.0028%	4h	0.03992	+0.050%	$102K	$331K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.757%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03998	+0.201%	$164K	$192K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03994	+0.103%	$1.0M	$621K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03994	+0.110%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03992	+0.045%	$5.5M	$15.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03987	−0.075%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03993	+0.075%	$979K	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03993	+0.075%	$329K	$224K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03992	+0.050%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03995	+0.125%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03993	+0.075%	$1.2M	$2.4M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03995	+0.125%	—	$6.7M	—
ApeX Omni SUSDT	+0.0100%	1h	0.04010	+0.501%	$26K	$446K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03991	+0.032%	$224K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0298%	1h	0.04010	+0.501%	$117K	$324K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04006	+0.401%	$271K	$127K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0501%	1h	0.03998	+0.201%	$67K	$10K	10x	as long as short