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

BAND

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment $0.25 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against KuCoin−0.467%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.467% cheaper against KuCoin than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BANDUSDTM0.21400.0100pay 0.0100% / 8h18m 50s$746K$56K30x
ShortBloFin BAND-USDT0.21300.0075get 0.0075% / 8h18m 50s$74K$7K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$5.19
Price spread: −0.467% → 0.000%
−$46.73
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$75.92
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 45 min ago; BloFin: no order-book sample. Net counts fees only.

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, 45 min ago32.56 bp438.7 bp −$439doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BAND on 10 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_BANDUSD−0.2814%1h0.2133−0.315%$19K$1K10xas long as short
BloFin BAND-USDTshort+0.0075%8h0.2130−0.467%$74K$7K50x
Binance BANDUSDT+0.0100%8h0.2137−0.139%$1.3M$1.6M50xas long as short
Bybit BANDUSDT+0.0100%8h0.2137−0.140%$298K$182K20xas long as short
OKX BAND-USDT-SWAP+0.0100%8h0.2138−0.093%$229K$406K10xas long as short
Gate BAND_USDT+0.0100%8h0.21400.000%$198K$62K20xas long as short
MEXC BAND_USDT+0.0100%8h0.2137−0.140%$354K$151K100xas long as short
KuCoin BANDUSDTMlong+0.0100%8h0.2140long leg$746K$56K30x
Bitget BANDUSDT+0.0100%8h0.2136−0.187%$798K$102K50xas long as short
Variational Omni BAND+0.0100%8h0.2135−0.251%$7K$963as long as short