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

FORM

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SwapBacktest
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: Binance against KuCoin+0.175%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$409as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$4094.091% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.175%, 7d avg +0.089%
Together, before fees+0.075%+$8 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: Binance is 0.086% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin FORMUSDTM0.35920.0100pay 0.0050% / 4h56m 19s$369K$866K30x
ShortBinance FORMUSDT0.35980.0100get 0.0050% / 4h56m 19s$19.2M$137.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: +0.175% → +0.089%
$8.63
Slippage, 4 orders
−$387.12
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$400.5
Costs to cover
4.091%
Break-even
never at this rate
Slippage from KuCoin: live order book, 8 min ago; Binance: 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, 8 min ago21.85 bp206.8 bp −$207doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.76 bp13.1 bp −$1357.7 bp −$577358.9 bp −$35.9Kdoesn't fit

FORM 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
gTrade (Gains Network) FORM/USDL −0.0007% / S +0.0008%1h0.3596+0.108%as long as short
BingX FORM-USDT+0.0070%4h0.3598+0.167%$3.5Mas long as short
Aster FORMUSDT+0.0100%4h0.3588−0.116%$49K$647K5xas long as short
Binance FORMUSDTshort+0.0100%4h0.3598+0.175%$19.2M$137.0M50x
Gate FORM_USDT+0.0100%4h0.3599+0.195%$794K$4.1M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3591−0.028%$1.8M$8.4M100xas long as short
KuCoin FORMUSDTMlong+0.0100%4h0.3592long leg$369K$866K30x
Bitget FORMUSDT+0.0100%4h0.3597+0.139%$1.2M$7.9M50xas long as short
BloFin FORM-USDT+0.0159%4h0.3606+0.390%$1.0M$358K50xas long as short
Bybit FORMUSDT+0.0531%4h0.3600+0.223%$2.3M$11.6M20xas long as short