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

BIRB

all BIRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0756%/8h= +82.8% APRnext payment +$3.78 per $10,000 · paid last 24h +0.862%
Price spread now: BingX against KuCoin−0.147%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+0.730%+$73 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BingX is 0.147% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 16 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.730% in total) that is about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BIRBUSDTM0.068160.0100pay 0.0050% / 4h1h 32m$82K$37K20x
ShortBingX BIRB-USDT0.068060.0856get 0.0428% / 4h1h 32m$748K

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
$158.76
Price spread: −0.147% → 0.000%
−$14.67
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$122.09
Costs to cover
0.220%
Break-even
1.6 days
Slippage unknown: KuCoin: no order-book sample; BingX: live order book, 41 min ago. 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 no order-book sample
Sell BingX live order book, 41 min ago11.03 bp42.9 bp −$43112.4 bp −$1,124733.2 bp −$73.3K1156.4 bp −$578.2K
KuCoin: 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.

BIRB 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 BIRBUSDT+0.0100%4h0.06808−0.118%$15K$16K5xas long as short
Binance BIRBUSDT+0.0100%4h0.06814−0.029%$1.2M$1.9M50xas long as short
Gate BIRB_USDT+0.0100%4h0.06807−0.132%$51K$68K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06815−0.015%$140K$100K50xas long as short
KuCoin BIRBUSDTMlong+0.0100%4h0.06816long leg$82K$37K20x
Bitget BIRBUSDT+0.0100%4h0.06804−0.176%$422K$155K20xas long as short
BingX BIRB-USDTshort+0.0856%4h0.06806−0.147%$748K
BloFin BIRB-USDT+0.1106%4h0.06790−0.381%$81K$5K25xas long as short
Bybit BIRBUSDT+0.1117%4h0.06792−0.352%$641K$479K25xas long as short