Funding arb · Price arb /

AIO

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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: KuCoin against Binance−0.049%7-day average −0.192% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,024as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,014as in the Price arb table

costs, in and out, $10k−$1,02810.279% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now −0.049%, 7d avg −0.192%

Together, before fees−0.142%−$14 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: KuCoin is 0.143% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AIOUSDT	0.04067	0.0100	pay 0.0050% / 4h	1h 58m	$3.3M	$2.2M	50x
Short	KuCoin AIOUSDTM	0.04065	0.0100	get 0.0050% / 4h	1h 58m	$826K	$40K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.192%: $14.33
Slippage, 4 orders: −$1,005.95
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,013.61
Costs to cover: 10.279%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 21 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 Binance live order book, 7 min ago	2.46 bp	47.5 bp −$48	338.7 bp −$3,387	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	24.52 bp	353.8 bp −$354	doesn't fit	doesn't fit	doesn't fit

AIO on 8 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
Binance AIOUSDTlong	+0.0100%	4h	0.04067	long leg	$3.3M	$2.2M	50x
Bybit AIOUSDT	+0.0100%	4h	0.04062	−0.123%	$601K	$99K	5x	as long as short
MEXC AIO_USDT	+0.0100%	4h	0.04070	+0.074%	$221K	$123K	50x	as long as short
KuCoin AIOUSDTMshort	+0.0100%	4h	0.04065	−0.049%	$826K	$40K	30x
Bitget AIOUSDT	+0.0100%	4h	0.04054	−0.320%	$1.3M	$358K	50x	as long as short
BingX AIO-USDT	+0.0100%	4h	0.04064	−0.074%	—	$6.6M	—	as long as short
Gate AIO_USDT	+0.0884%	4h	0.04053	−0.344%	$471K	$120K	20x	as long as short
Aster AIOUSDT	+0.1120%	4h	0.04057	−0.246%	$22K	$23K	5x	as long as short