Funding arb · Price arb /

API3

all API3 markets

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: BingX against KuCoin+0.076%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$383as in the Price arb table

costs, in and out, $10k−$3883.876% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.076%, 7d avg +0.029%

Together, before fees+0.090%+$9 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: BingX is 0.047% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin API3USDTM	0.2623	0.0100	pay 0.0050% / 4h	3h 33m	$1.0M	$243K	30x
Short	BingX API3-USDT	0.2625	0.0100	get 0.0050% / 4h	3h 33m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.029%: $4.73
Slippage, 4 orders: −$365.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$382.91
Costs to cover: 3.876%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 4 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 KuCoin live order book, 1 min ago	7.62 bp	154.5 bp −$154	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	7.61 bp	39.8 bp −$40	98.1 bp −$981	456.6 bp −$45.7K	500.2 bp −$250.1K

API3 on 12 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
BloFin API3-USDT	+0.0077%	4h	0.2625	+0.076%	$135K	$24K	50x	as long as short
Aster API3USDT	+0.0100%	4h	0.2622	−0.034%	$2K	$3K	5x	as long as short
Binance API3USDT	+0.0100%	4h	0.2622	−0.024%	$2.6M	$2.0M	50x	as long as short
Bybit API3USDT	+0.0100%	4h	0.2627	+0.152%	$987K	$397K	25x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2625	+0.076%	$652K	$506K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2627	+0.152%	$126K	$113K	50x	as long as short
MEXC API3_USDT	+0.0100%	4h	0.2622	−0.038%	$458K	$288K	50x	as long as short
KuCoin API3USDTMlong	+0.0100%	4h	0.2623	long leg	$1.0M	$243K	30x
Bitget API3USDT	+0.0100%	4h	0.2624	+0.038%	$650K	$195K	20x	as long as short
BingX API3-USDTshort	+0.0100%	4h	0.2625	+0.076%	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni API3	+0.0100%	4h	0.2626	+0.116%	$6K	$1	—	as long as short
Kraken Futures PF_API3USD	+0.4756%	1h	0.2631	+0.304%	$13K	$3K	10x	as long as short