Funding arb · Price arb /

BMT

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Swap Backtest

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 +0.012%

Price spread now: KuCoin against BingX+0.248%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1751.750% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.248%, 7d avg +0.042%

Together, before fees−0.167%−$17 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: KuCoin is 0.206% dearer against BingX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BMT-USDT	0.02018	0.0100	pay 0.0050% / 4h	27m 26s	—	$2.3M	—
Short	KuCoin BMTUSDTM	0.02023	0.0100	get 0.0050% / 4h	27m 26s	$617K	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.248%Rate

Funding earned: $0
Price spread: +0.248% → +0.042%: $20.59
Slippage, 4 orders: −$152.98
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.39
Costs to cover: 1.750%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 56 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 BingX live order book, 5 min ago	2.48 bp	21.3 bp −$21	149.9 bp −$1,499	632.3 bp −$63.2K	doesn't fit
Sell KuCoin live order book, 56 min ago	4.97 bp	75.9 bp −$76	doesn't fit	doesn't fit	doesn't fit

BMT on 8 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
Aster BMTUSDT	+0.0100%	4h	0.02018	+0.013%	$44K	$9K	5x	as long as short
Binance BMTUSDT	+0.0100%	4h	0.02019	+0.050%	$2.3M	$2.3M	20x	as long as short
Bybit BMTUSDT	+0.0100%	4h	0.02018	+0.010%	$977K	$384K	5x	as long as short
Gate BMT_USDT	+0.0100%	4h	0.02017	−0.050%	$173K	$180K	25x	as long as short
MEXC BMT_USDT	+0.0100%	4h	0.02019	+0.050%	$206K	$134K	100x	as long as short
KuCoin BMTUSDTMshort	+0.0100%	4h	0.02023	+0.248%	$617K	$72K	20x
BingX BMT-USDTlong	+0.0100%	4h	0.02018	long leg	—	$2.3M	—
Variational Omni BMT	+0.0100%	4h	0.02024	+0.314%	$53K	$26K	—	as long as short