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

CLANKER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: BingX against KuCoin+0.509%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$958as in the Funding arb table
Net, price: spread back to 7d avg − costs−$933as in the Price arb table
costs, in and out, $10k−$9719.707% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.509%, 7d avg +0.133%
Together, before fees−0.190%−$19 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 0.377% dearer against KuCoin than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.133%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CLANKERUSDTM13.7400.0100pay 0.0050% / 4h2h 35m$331K$158K25x
ShortBingX CLANKER-USDT13.8100.0100get 0.0050% / 4h2h 35m$6.8M

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: +0.509% → +0.133%
$37.68
Slippage, 4 orders
−$948.65
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$932.97
Costs to cover
9.707%
Break-even
never at this rate
Slippage from KuCoin: live order book, 22 min ago; BingX: live order book, 2 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, 22 min ago54.81 bp448.2 bp −$448doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago7.25 bp40.6 bp −$41167.9 bp −$1,679322.6 bp −$32.3Kdoesn't fit

CLANKER on 10 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
Binance CLANKERUSDT+0.0100%4h13.809+0.502%$1.8M$5.3M25xas long as short
Bybit CLANKERUSDT+0.0100%4h13.823+0.604%$650K$1.0M20xas long as short
Gate CLANKER_USDT+0.0100%4h13.760+0.146%$121K$159K25xas long as short
MEXC CLANKER_USDT+0.0100%4h13.800+0.437%$378K$248K50xas long as short
KuCoin CLANKERUSDTMlong+0.0100%4h13.740long leg$331K$158K25x
Bitget CLANKERUSDT+0.0100%4h13.830+0.655%$634K$520K20xas long as short
BingX CLANKER-USDTshort+0.0100%4h13.810+0.509%$6.8M
Variational Omni CLANKER+0.0100%4h13.816+0.556%$27K$25Kas long as short
BloFin CLANKER-USDT+0.0127%4h13.750+0.073%$119K$21K25xas long as short
Aster CLANKERUSDT+0.0299%4h13.798+0.424%$17K$32K5xas long as short