Funding arb · Price arb /

AR

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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: BingX against KuCoin+0.045%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2262.264% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.007%−$1 · spread now +0.045%, 7d avg −0.054%

Together, before fees−0.053%−$5 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 0.098% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.4790	0.0100	pay 0.0100% / 8h	4h 49m	$1.2M	$1.2M	50x
Short	BingX AR-USDT	4.4810	0.0100	get 0.0100% / 8h	4h 49m	—	$2.8M	—

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 +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.054%: $9.83
Slippage, 4 orders: −$204.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$216.57
Costs to cover: 2.264%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 1 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	7.82 bp	91.2 bp −$91	990.0 bp −$9,900	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	3.35 bp	21.6 bp −$22	46.2 bp −$462	280.5 bp −$28.0K	617.9 bp −$308.9K

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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4757	−0.074%	$575K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0014%	8h	4.4800	+0.022%	$2.3M	$18.1M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4870	+0.179%	$4.0M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4836	+0.102%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4790	0.000%	$8.8M	$50.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4800	+0.022%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4810	+0.045%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4800	+0.022%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.4790	long leg	$1.2M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.4790	0.000%	$3.9M	$5.1M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDTshort	+0.0100%	8h	4.4810	+0.045%	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.4962	+0.384%	$233K	$242K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4980	+0.424%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4811	+0.047%	$36K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4800	+0.022%	$431K	$486K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0693%	1h	4.4786	−0.009%	$60K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+1.116%	$548	$3K	5.5x	as long as short