S funding arbitrage: backpack vs bingx
Long S_USDC_PERP on backpack against short S-USDT on bingx.
| Side | Exchange | Symbol | Funding | Funding APR | 24h volume | Open interest |
|---|---|---|---|---|---|---|
| Long | backpack | S_USDC_PERP | -0.0042% / 1h | -37.16% | $154.6K | $93.3K |
| Short | bingx | S-USDT | 0.0050% / 4h | +10.95% | $6.56M | $3.44M |
Funding spread +48.11% APR. Price spread -0.3180%.
Data generated at 2026-09-01T05:32:16Z. Live numbers load on this page automatically.