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

ACU

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0904%/8h= −99.0% APRnext payment $4.52 per $10,000 · paid last 24h −0.121%
Price spread now: KuCoin against BingX−0.364%7-day average −0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,953as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,943as in the Price arb table
costs, in and out, $10k−$1,93019.295% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.237%−$24 on $10k
Price spread, last 4 days (all we have)+0.395%+$39 · spread now −0.364%, 7d avg −0.226%
Together, before fees+0.158%+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and KuCoin is 0.138% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.226%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.237% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ACU-USDT0.12090.1004pay 0.0502% / 4h2h 22m$1.3M
ShortKuCoin ACUUSDTM0.12050.0100get 0.0050% / 4h2h 22m$557K$32K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$189.84
Price spread: −0.364% → −0.226%
−$13.8
Slippage, 4 orders
−$1,907.53
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$2,133.17
Costs to cover
19.295%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 15 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 ago6.21 bp37.9 bp −$38104.9 bp −$1,049doesn't fitdoesn't fit
Sell KuCoin live order book, 15 min ago19.18 bp715.5 bp −$715doesn't fitdoesn't fitdoesn't fit

ACU on 10 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
Bybit ACUUSDT+0.0100%4h0.1208−0.074%$828K$597K13xas long as short
OKX ACU-USDT-SWAP+0.0100%4h0.1207−0.132%$220K$264K10xas long as short
Gate ACU_USDT+0.0100%4h0.1207−0.182%$172K$16K10xas long as short
KuCoin ACUUSDTMshort+0.0100%4h0.1205−0.364%$557K$32K10x
SunX ACU-USDT+0.0100%4h0.1207−0.165%$2K$1.2M20xas long as short
Bitget ACUUSDT+0.0614%4h0.1210+0.091%$236K$230K10xas long as short
Aster ACUUSDT+0.0832%4h0.1206−0.232%$2K$4K5xas long as short
BingX ACU-USDTlong+0.1004%4h0.1209long leg$1.3M
MEXC ACU_USDT+0.1042%4h0.1209+0.017%$13.8M$361K50xas long as short
Binance ACUUSDT+0.1043%4h0.1209+0.025%$2.5M$1.4M10xas long as short