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

CHEEMS

all CHEEMS markets
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: BingX against KuCoin+0.412%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$875as in the Funding arb table
Net, price: spread back to 7d avg − costs−$832as in the Price arb table
costs, in and out, $10k−$8668.660% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.091%−$9 on $10k
Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.412%, 7d avg +0.073%
Together, before fees−0.584%−$58 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 0.338% dearer against KuCoin than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.073%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 1000CHEEMSUSDTM0.00000055890.0100pay 0.0050% / 4h2h 48m$70K$192K20x
ShortBingX 1000CHEEMS-USDT0.00000056120.0100get 0.0050% / 4h2h 48m$1.2M

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
$0
Price spread: +0.412% → +0.073%
$33.84
Slippage, 4 orders
−$844.03
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$832.19
Costs to cover
8.660%
Break-even
never at this rate
Slippage from KuCoin: live order book, 55 min ago; BingX: live order book, 11 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, 55 min ago24.98 bp231.7 bp −$232doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 11 min ago11.57 bp49.4 bp −$49191.0 bp −$1,910692.9 bp −$69.3K887.8 bp −$443.9K

CHEEMS on 7 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 1000CHEEMSUSDT+0.0100%4h0.0000005623+0.610%$255K$11K5xas long as short
Binance 1000CHEEMSUSDT+0.0100%4h0.0000005621+0.569%$1.5M$978K25xas long as short
Gate CHEEMS_USDT+0.0100%4h0.0000005607+0.322%$104K$46K20xas long as short
MEXC CHEEMS_USDT+0.0100%4h0.0000005622+0.590%$69K$76K50xas long as short
KuCoin 1000CHEEMSUSDTMlong+0.0100%4h0.0000005589long leg$70K$192K20x
Bitget 1MCHEEMSUSDT+0.0100%4h0.0000005614+0.447%$77K$94K25xas long as short
BingX 1000CHEEMS-USDTshort+0.0100%4h0.0000005612+0.412%$1.2M