Funding arb · Price arb /

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Swap Backtest

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+0.161%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$918as in the Funding arb table

Net, price: spread back to 7d avg − costs−$905as in the Price arb table

costs, in and out, $10k−$9229.219% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.161%, 7d avg −0.005%

Together, before fees−0.028%−$3 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 0.167% dearer against KuCoin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06812	0.0100	pay 0.0050% / 4h	59m 31s	$571K	$105K	20x
Short	BingX BASED-USDT	0.06823	0.0100	get 0.0050% / 4h	59m 31s	—	$1.7M	—

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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → −0.005%: $16.66
Slippage, 4 orders: −$899.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$905.26
Costs to cover: 9.219%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 12 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, 3 min ago	30.06 bp	441.3 bp −$441	1051.9 bp −$10.5K	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	3.67 bp	12.8 bp −$13	70.2 bp −$702	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0092%	4h	0.06819	+0.103%	$252K	$38K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06832	+0.295%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06826	+0.206%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06830	+0.264%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06822	+0.147%	$542K	$527K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06826	+0.206%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06812	long leg	$571K	$105K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06832	+0.294%	$1.3M	$371K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06823	+0.161%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06809	−0.050%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06760	−0.762%	$89K	$363K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06821	+0.132%	$1K	$816K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06828	+0.230%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0262%	4h	0.06821	+0.132%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0345%	4h	0.06827	+0.220%	$3K	$652	10x	as long as short