Settings8H · net · $10k
Funding arb · Price arb /

ATH

all ATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin+0.269%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2372.375% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 4 days (all we have)−0.369%−$37 · spread now +0.269%, 7d avg −0.033%
Together, before fees−0.335%−$34 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 0.302% dearer against KuCoin than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ATHUSDTM0.0055800.0100pay 0.0050% / 4h2h 30m$560K$84K30x
ShortBingX ATH-USDT0.0055950.0100get 0.0050% / 4h2h 30m$21.7M

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

Funding earned
$0
Price spread: +0.269% → −0.033%
$30.16
Slippage, 4 orders
−$215.5
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$207.34
Costs to cover
2.375%
Break-even
never at this rate
Slippage from KuCoin: live order book, 52 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 52 min ago12.76 bp100.5 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago5.39 bp24.5 bp −$2466.3 bp −$663579.5 bp −$58.0K1071.0 bp −$535.5K

ATH on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ATHUSD−0.3512%1h0.005578−0.039%$20K$107K10xas long as short
Variational Omni ATH−0.0182%4h0.005564−0.282%$187K$94Kas long as short
dYdX ATH-USD0.0000%1h0.005586+0.103%$11K$165xas long as short
OKX ATH-USDT-SWAP+0.0016%4h0.005596+0.287%$718K$1.3M20xas long as short
BloFin ATH-USDT+0.0088%4h0.005571−0.161%$172K$58K75xas long as short
Aster ATHUSDT+0.0100%4h0.005591+0.192%$7K$34K5xas long as short
Binance ATHUSDT+0.0100%4h0.005599+0.334%$3.4M$3.8M50xas long as short
Bybit ATHUSDT+0.0100%4h0.005591+0.197%$4.5M$2.3M25xas long as short
Gate ATH_USDT+0.0100%4h0.005590+0.179%$800K$528K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005591+0.197%$8.9M$663K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ATHUSDTMlong+0.0100%4h0.005580long leg$560K$84K30x
Bitget ATHUSDT+0.0100%4h0.005595+0.269%$1.6M$804K25xas long as short
BingX ATH-USDTshort+0.0100%4h0.005595+0.269%$21.7M