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

BANK

all BANK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against KuCoin+0.029%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3333.332% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.229%+$23 on $10k
Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.029%, 7d avg −0.012%
Together, before fees+0.301%+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.041% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BANKUSDTM0.034670.0100pay 0.0050% / 4h3h 43m$1.2M$187K50x
ShortBloFin BANK-USDT0.034680.0340get 0.0170% / 4h3h 43m$441K$91K50x

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
$50.4
Price spread: +0.029% → −0.012%
$4.1
Slippage, 4 orders
−$309.16
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$278.67
Costs to cover
3.332%
Break-even
45.7 days
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 33 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, 2 min ago12.98 bp146.5 bp −$146793.3 bp −$7,933doesn't fitdoesn't fit
Sell BloFin live order book, 33 min ago1.44 bp15.2 bp −$1533.6 bp −$336doesn't fitdoesn't fit

BANK on 11 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
Aster BANKUSDT+0.0100%4h0.03469+0.058%$56K$97K5xas long as short
Binance BANKUSDT+0.0100%4h0.03469+0.058%$7.5M$31.1M50xas long as short
Bybit BANKUSDT+0.0100%4h0.03470+0.087%$3.0M$6.5M20xas long as short
Gate BANK_USDT+0.0100%4h0.03468+0.029%$725K$1.3M10xas long as short
MEXC BANK_USDT+0.0100%4h0.03469+0.058%$2.5M$483K20xas long as short
KuCoin BANKUSDTMlong+0.0100%4h0.03467long leg$1.2M$187K50x
HTX BANK-USDT+0.0100%4h0.03466−0.029%$40K$228K20xas long as short
edgeX BANKUSDC+0.0101%4h0.03469+0.071%$1K$248K5xas long as short
Bitget BANKUSDT+0.0142%4h0.03469+0.058%$2.8M$3.6M25xas long as short
BingX BANK-USDT+0.0160%4h0.03469+0.058%$6.9Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BANK-USDTshort+0.0340%4h0.03468+0.029%$441K$91K50x