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

F

all F markets
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 +0.017%
Price spread now: BingX against KuCoin−0.081%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$320as in the Price arb table
costs, in and out, $10k−$3133.135% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.948%+$95 on $10k
Price spread, last 7 days+0.138%+$14 · spread now −0.081%, 7d avg −0.012%
Together, before fees+1.086%+$109 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 0.069% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin FUSDTM0.0036970.0100pay 0.0050% / 4h2h 38m$617K$1.1M30x
ShortBingX F-USDT0.0036940.0100get 0.0050% / 4h2h 38m$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

Funding earned
$0
Price spread: −0.081% → −0.012%
−$6.91
Slippage, 4 orders
−$291.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$320.37
Costs to cover
3.135%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago1.36 bp190.3 bp −$190doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago4.04 bp21.6 bp −$2252.6 bp −$526726.7 bp −$72.7K1212.1 bp −$606.0K

F 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
Aster FUSDT+0.0100%4h0.003695−0.053%$15K$28K5xas long as short
Binance FUSDT+0.0100%4h0.003694−0.081%$3.8M$6.1M50xas long as short
Bybit FUSDT+0.0100%4h0.003690−0.189%$2.3M$2.2M25xas long as short
OKX F-USDT-SWAP+0.0100%4h0.003693−0.108%$682K$2.1M20xas long as short
Gate F_USDT+0.0100%8h0.003691−0.162%$135K$1.3M25xas long as short
MEXC F_USDT+0.0100%4h0.003693−0.108%$598K$173K50xas long as short
KuCoin FUSDTMlong+0.0100%4h0.003697long leg$617K$1.1M30x
Bitget FUSDT+0.0100%4h0.003694−0.081%$465K$702K50xas long as short
BingX F-USDTshort+0.0100%4h0.003694−0.081%$6.6M
Variational Omni F+0.0100%4h0.003690−0.192%$646$366as long as short