Funding arb · Price arb /

ARB

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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 −0.005%

Price spread now: BingX against KuCoin−0.194%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.194%, 7d avg −0.043%

Together, before fees+0.089%+$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 0.151% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2220	0.0100	pay 0.0100% / 8h	6h 24m	$19.6M	$15.8M	75x
Short	BingX ARB-USDT	0.2216	0.0100	get 0.0100% / 8h	6h 24m	—	$54.5M	—

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 −0.194%Rate

Funding earned: $0
Price spread: −0.194% → −0.043%: −$15.1
Slippage, 4 orders: −$29.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$67.01
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; BingX: live order book, 9 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, 9 min ago	1.13 bp	20.0 bp −$20	46.8 bp −$468	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.90 bp	6.6 bp −$7	8.7 bp −$87	17.8 bp −$1,778	63.8 bp −$31.9K

ARB on 35 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
Injective ARB/USDC PERP	−0.1692%	1h	0.2203	−0.761%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2215	−0.230%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0217%	1h	0.2219	−0.054%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2211	−0.388%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0122%	8h	0.2213	−0.297%	$22.3M	$156.6M	50x	as long as short
MEXC ARB_USDT	−0.0119%	8h	0.2215	−0.230%	$39.5M	$60.1M	200x	as long as short
Gate ARB_USDT	−0.0086%	8h	0.2215	−0.216%	$5.4M	$19.9M	60x	as long as short
ApeX Omni ARBUSDT	−0.0069%	1h	0.2211	−0.401%	$119K	$293K	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0065%	1h	0.2220	−0.018%	$24K	$34K	25x	as long as short
Bybit ARBUSDT	−0.0064%	8h	0.2214	−0.261%	$56.7M	$128.9M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0060%	8h	0.2218	−0.086%	$12K	$382K	10x	as long as short
Binance ARBUSDT	−0.0002%	8h	0.2214	−0.247%	$64.6M	$317.6M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2220	−0.012%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2214	−0.274%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2221	+0.060%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2220	+0.011%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	−0.072%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2220	−0.005%	$38.9M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2219	−0.043%	$661K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2219	−0.062%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2220	long leg	$19.6M	$15.8M	75x
Bitget ARBUSDT	+0.0100%	8h	0.2217	−0.131%	$21.2M	$36.4M	50x	as long as short
BingX ARB-USDTshort	+0.0100%	8h	0.2216	−0.194%	—	$54.5M	—
edgeX ARBUSDC	+0.0100%	4h	0.2211	−0.383%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2212	−0.372%	$471K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2221	+0.041%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2220	+0.005%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2219	−0.050%	$298K	$998K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2218	−0.086%	$5.0M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2223	+0.140%	$508K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2221	+0.048%	$829K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2219	−0.021%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0311%	1h	0.2220	+0.008%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2217	−0.146%	$478K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0527%	1h	0.2221	+0.063%	$1.0M	$2.9M	20x	as long as short