Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: Binance against BingX0.000%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days−0.006%−$1 · spread now 0.000%, 7d avg −0.047%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02431	0.0100	pay 0.0050% / 4h	2h 19m	—	$6.6M	—
Short	Binance STABLEUSDT	0.02431	0.0100	get 0.0050% / 4h	2h 19m	$2.4M	$2.8M	75x

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

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.047%: $4.69
Slippage, 4 orders: −$81.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.58
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Binance: live order book, 1 min ago.

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 BingX live order book, 3 min ago	6.18 bp	24.4 bp −$24	75.7 bp −$757	536.1 bp −$53.6K	991.1 bp −$495.5K
Sell Binance live order book, 1 min ago	2.06 bp	27.0 bp −$27	97.6 bp −$976	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02445	+0.584%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02431	−0.008%	$854K	$183K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02432	+0.022%	$18K	$10K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02431	0.000%	$2.4M	$2.8M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02433	+0.103%	$1.5M	$788K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02432	+0.041%	$209K	$429K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02432	+0.041%	$173K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02431	0.000%	$582K	$165K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02434	+0.123%	$176K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02432	+0.041%	$279K	$94K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTlong	+0.0100%	4h	0.02431	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02431	−0.017%	$142K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02431	−0.016%	$1K	$915K	20x	as long as short
BloFin STABLE-USDT	+0.0102%	4h	0.02425	−0.247%	$113K	$7K	75x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02430	−0.028%	$12K	$230K	10x	as long as short