Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.093%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2472.474% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.118%+$12 · spread now −0.093%, 7d avg +0.055%

Together, before fees+0.164%+$16 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 0.148% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.2960	0.0100	pay 0.0100% / 8h	7h 22m	—	$2.7M	—
Short	KuCoin ARUSDTM	4.2920	0.0100	get 0.0100% / 8h	7h 22m	$1.1M	$1.1M	50x

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

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.055%: −$14.83
Slippage, 4 orders: −$225.44
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$262.27
Costs to cover: 2.474%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 2 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 BingX live order book, 11 min ago	4.68 bp	20.3 bp −$20	54.8 bp −$548	409.9 bp −$41.0K	796.1 bp −$398.0K
Sell KuCoin live order book, 2 min ago	8.19 bp	92.7 bp −$93	503.2 bp −$5,032	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1006%	1h	4.2892	−0.158%	$53K	$133K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3005	+0.105%	$552K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.980%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2979	+0.044%	$3.8M	$4.3M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2960	0.000%	$32K	$243K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2982	+0.051%	$8.5M	$43.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2991	+0.072%	$4.5M	$8.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2960	0.000%	$2.3M	$14.0M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2930	−0.070%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2980	+0.047%	$6.1M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTMshort	+0.0100%	8h	4.2920	−0.093%	$1.1M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.2930	−0.070%	$3.7M	$4.7M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.2960	long leg	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.2652	−0.718%	$245K	$510K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2780	−0.419%	$20K	$706K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2971	+0.026%	$36K	$240K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3020	+0.140%	$418K	$439K	20x	as long as short