Funding arb · Price arb /

CC

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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 0.000%

Price spread now: KuCoin against BingX+0.127%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$437as in the Funding arb table

Net, price: spread back to 7d avg − costs−$428as in the Price arb table

costs, in and out, $10k−$4384.376% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.127%, 7d avg +0.035%

Together, before fees−0.099%−$10 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 0.092% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1186	0.0100	pay 0.0050% / 4h	2h 06m	—	$6.6M	—
Short	KuCoin CCUSDTM	0.1187	0.0100	get 0.0050% / 4h	2h 06m	$488K	$121K	50x

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 +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.035%: $9.16
Slippage, 4 orders: −$415.6
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$428.44
Costs to cover: 4.376%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 31 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, 15 min ago	5.50 bp	21.3 bp −$21	68.3 bp −$683	398.7 bp −$39.9K	1121.4 bp −$560.7K
Sell KuCoin live order book, 31 min ago	15.35 bp	181.2 bp −$181	doesn't fit	doesn't fit	doesn't fit

CC on 18 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
Injective CC/USDC PERP	−0.3556%	1h	0.1173	−1.063%	$6K	$100	5.5x	as long as short
Bybit CCUSDT	−0.0197%	4h	0.1186	+0.025%	$10.8M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0194%	4h	0.1185	−0.025%	$1.6M	$316K	100x	as long as short
Paradex CC-USD-PERP	+0.0093%	8h	0.1186	+0.038%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1186	+0.014%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1185	−0.018%	$11.2M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1187	+0.101%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1185	−0.067%	$368K	$219K	50x	as long as short
KuCoin CCUSDTMshort	+0.0100%	4h	0.1187	+0.127%	$488K	$121K	50x
Bitget CCUSDT	+0.0100%	4h	0.1186	0.000%	$938K	$786K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTlong	+0.0100%	4h	0.1186	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1186	0.000%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1184	−0.098%	$603K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1185	−0.067%	$91K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1184	−0.126%	$6K	$36K	6.7x	as long as short
Hyperliquid CC	+0.0212%	1h	0.1188	+0.236%	$5.6M	$1.4M	3x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0451% / S −0.0241%	1h	0.1186	+0.061%	$44K	—	50x	as long as short
Lighter CC	+0.0736%	1h	0.1191	+0.455%	$240K	$155K	5x	as long as short