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

BB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.168%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$425as in the Funding arb table
Net, price: spread back to 7d avg − costs−$434as in the Price arb table
costs, in and out, $10k−$4254.247% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.495%+$50 · spread now −0.168%, 7d avg −0.070%
Together, before fees+0.495%+$50 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: Binance is 0.098% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BBUSDTM0.0091800.0100pay 0.0050% / 4h1h 15m$451K$89K50x
ShortBinance BBUSDT0.0091650.0100get 0.0050% / 4h1h 15m$3.3M$6.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: −0.168% → −0.070%
−$9.79
Slippage, 4 orders
−$402.66
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$434.45
Costs to cover
4.247%
Break-even
never at this rate
Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 8 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, 7 min ago16.40 bp169.2 bp −$169doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 8 min ago4.93 bp32.7 bp −$33162.5 bp −$1,625doesn't fitdoesn't fit

BB on 9 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 BBUSDT+0.0100%4h0.009181+0.016%$12K$13K5xas long as short
Binance BBUSDTshort+0.0100%4h0.009165−0.168%$3.3M$6.8M50x
Gate BB_USDT+0.0100%4h0.009190+0.109%$133K$220K50xas long as short
MEXC BB_USDT+0.0100%4h0.009170−0.109%$1.4M$572K100xas long as short
KuCoin BBUSDTMlong+0.0100%4h0.009180long leg$451K$89K50x
Bitget BBUSDT+0.0100%4h0.0091800.000%$330K$470K50xas long as short
Bybit BBUSDT+0.0533%4h0.009188+0.087%$697K$791K25xas long as short
BingX BB-USDT+0.0542%4h0.009184+0.044%$1.3Mas long as short
Kraken Futures PF_BBUSD+0.1953%1h0.009179−0.007%$22K$2K10xas long as short