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

STABLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget+0.040%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1991.992% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now +0.040%, 7d avg +0.025%
Together, before fees+0.105%+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget STABLEUSDT0.025250.0100pay 0.0050% / 4h5m 45s$295K$115K25x
ShortBingX STABLE-USDT0.025260.0100get 0.0050% / 4h5m 45s$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: +0.040% → +0.025%
$1.46
Slippage, 4 orders
−$177.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$197.76
Costs to cover
1.992%
Break-even
never at this rate
Slippage from Bitget: live order book, 64 min ago; BingX: 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 Bitget live order book, 64 min ago2.03 bp74.9 bp −$75262.8 bp −$2,628doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago5.94 bp26.8 bp −$2781.7 bp −$817556.6 bp −$55.7Kdoesn't fit

STABLE on 15 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
Lighter STABLE+0.0096%1h0.02539+0.539%$117K$3K3xas long as short
Hyperliquid STABLE+0.0100%1h0.02526+0.055%$892K$228K3xas long as short
Aster STABLEUSDT+0.0100%4h0.02526+0.022%$19K$6K20xas long as short
Binance STABLEUSDT+0.0100%4h0.025250.000%$2.5M$2.7M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02526+0.040%$1.5M$785K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.025250.000%$207K$430K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02526+0.040%$176K$89K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02526+0.040%$674K$157K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02532+0.277%$181K$29K30xas long as short
Bitget STABLEUSDTlong+0.0100%4h0.02525long leg$295K$115K25x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STABLE-USDTshort+0.0100%4h0.02526+0.040%$6.6M
Variational Omni STABLE+0.0100%4h0.02527+0.085%$148K$50Kas long as short
SunX STABLE-USDT+0.0100%4h0.02526+0.028%$2K$697K20xas long as short
Extended STABLE-USD+0.0104%1h0.02524−0.021%$12K$175K10xas long as short
BloFin STABLE-USDT+0.0120%4h0.02529+0.158%$115K$7K75xas long as short