Funding arb · Price arb /

ARX

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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 +0.106%

Price spread now: Binance against KuCoin+0.322%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$607as in the Funding arb table

Net, price: spread back to 7d avg − costs−$626as in the Price arb table

costs, in and out, $10k−$6506.501% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.433%+$43 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.322%, 7d avg +0.085%

Together, before fees+0.307%+$31 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: Binance is 0.237% dearer against KuCoin than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARXUSDTM	0.2079	0.0100	pay 0.0050% / 4h	2h 19m	$725K	$836K	20x
Short	Binance ARXUSDT	0.2086	0.0100	get 0.0050% / 4h	2h 19m	$5.5M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.322%Rate

Funding earned: $0
Price spread: +0.322% → +0.085%: $23.69
Slippage, 4 orders: −$628.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$626.39
Costs to cover: 6.501%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; Binance: live order book, 6 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, 55 min ago	12.27 bp	247.6 bp −$248	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.42 bp	43.7 bp −$44	290.4 bp −$2,904	doesn't fit	doesn't fit

ARX on 10 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 ARXUSDTshort	+0.0100%	4h	0.2086	+0.322%	$5.5M	$11.7M	20x
Bybit ARXUSDT	+0.0100%	4h	0.2083	+0.178%	$4.2M	$2.5M	20x	as long as short
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2085	+0.274%	$741K	$3.4M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2094	+0.707%	$1.1M	$443K	20x	as long as short
MEXC ARX_USDT	+0.0100%	4h	0.2084	+0.226%	$889K	$434K	20x	as long as short
KuCoin ARXUSDTMlong	+0.0100%	4h	0.2079	long leg	$725K	$836K	20x
Bitget ARXUSDT	+0.0100%	4h	0.2084	+0.207%	$2.0M	$1.8M	20x	as long as short
BingX ARX-USDT	+0.0100%	4h	0.2087	+0.370%	—	$1.7M	—	as long as short
BloFin ARX-USDT	+0.0130%	4h	0.2086	+0.322%	$242K	$42K	20x	as long as short
Aster ARXUSDT	+0.0287%	4h	0.2079	−0.014%	$79K	$101K	10x	as long as short