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

BAT

all BAT markets
SwapBacktest
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 0.000%
Price spread now: BingX against KuCoin−0.156%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$541as in the Funding arb table
Net, price: spread back to 7d avg − costs−$567as in the Price arb table
costs, in and out, $10k−$5495.485% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.156%, 7d avg +0.025%
Together, before fees+0.214%+$21 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 0.181% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BATUSDTM0.083500.0100pay 0.0100% / 8h6h 50m$263K$59K20x
ShortBingX BAT-USDT0.083370.0100get 0.0100% / 8h6h 50m$1.3M

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: −0.156% → +0.025%
−$18.11
Slippage, 4 orders
−$526.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$566.66
Costs to cover
5.485%
Break-even
never at this rate
Slippage from KuCoin: live order book, 60 min ago; BingX: live order book, 10 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, 60 min ago11.89 bp296.6 bp −$297doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 10 min ago5.99 bp26.7 bp −$2764.1 bp −$641334.5 bp −$33.4K374.9 bp −$187.5K

BAT 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
Kraken Futures PF_BATUSD−0.0155%1h0.08348−0.023%$114K$16K10xas long as short
BloFin BAT-USDT+0.0079%8h0.08330−0.240%$99K$22K50xas long as short
Binance BATUSDT+0.0100%8h0.08346−0.048%$1.9M$2.0M50xas long as short
Bybit BATUSDT+0.0100%8h0.08352+0.024%$1.1M$459K25xas long as short
OKX BAT-USDT-SWAP+0.0100%8h0.08341−0.108%$530K$448K20xas long as short
Gate BAT_USDT+0.0100%8h0.08340−0.120%$83K$44K25xas long as short
MEXC BAT_USDT+0.0100%8h0.08349−0.012%$844K$624K125xas long as short
KuCoin BATUSDTMlong+0.0100%8h0.08350long leg$263K$59K20x
Bitget BATUSDT+0.0100%8h0.08344−0.072%$669K$180K50xas long as short
BingX BAT-USDTshort+0.0100%8h0.08337−0.156%$1.3M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BAT+0.0100%8h0.08340−0.117%$113K$78as long as short