Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.067%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$358as in the Funding arb table

Net, price: spread back to 7d avg − costs−$361as in the Price arb table

costs, in and out, $10k−$3583.576% of the position

Long on KuCoin Short on BingX

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)+0.031%+$3 · spread now −0.067%, 7d avg −0.034%

Together, before fees+0.025%+$2 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 0.033% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1185	0.0100	pay 0.0050% / 4h	3m 57s	$502K	$116K	50x
Short	BingX CC-USDT	0.1184	0.0100	get 0.0050% / 4h	3m 57s	—	$6.6M	—

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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.034%: −$3.35
Slippage, 4 orders: −$335.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$360.92
Costs to cover: 3.576%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; BingX: live order book, 8 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 KuCoin live order book, 59 min ago	19.32 bp	125.9 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.51 bp	23.3 bp −$23	79.1 bp −$791	368.2 bp −$36.8K	1129.7 bp −$564.9K

CC on 19 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	−0.3320%	1h	0.1169	−1.375%	$6K	$100	5.5x	as long as short
MEXC CC_USDT	+0.0090%	4h	0.1184	−0.143%	$1.6M	$316K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1183	−0.174%	$1K	—	5x	as long as short
Bybit CCUSDT	+0.0099%	4h	0.1184	−0.127%	$10.7M	$3.8M	25x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1184	−0.110%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1184	−0.118%	$11.2M	$11.3M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1185	−0.017%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1183	−0.169%	$365K	$214K	50x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1185	long leg	$502K	$116K	50x
Bitget CCUSDT	+0.0100%	4h	0.1185	0.000%	$946K	$792K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTshort	+0.0100%	4h	0.1184	−0.067%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1185	−0.042%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1179	−0.520%	$588K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1182	−0.287%	$86K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1182	−0.286%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1181	−0.354%	$590K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1184	−0.124%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0474%	1h	0.1186	+0.093%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.0976%	1h	0.1188	+0.245%	$236K	$154K	5x	as long as short