Funding arb · Price arb /

FORM

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Swap Backtest

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 +0.029%

Price spread now: BingX against KuCoin+0.355%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$4044.044% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.305%−$31 · spread now +0.355%, 7d avg +0.081%

Together, before fees−0.276%−$28 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 0.274% dearer against KuCoin than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FORMUSDTM	0.3098	0.0100	pay 0.0050% / 4h	2h 38m	$182K	$1.6M	30x
Short	BingX FORM-USDT	0.3109	0.0100	get 0.0050% / 4h	2h 38m	—	$3.9M	—

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 +0.355%Rate

Funding earned: $0
Price spread: +0.355% → +0.081%: $27.36
Slippage, 4 orders: −$382.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$376.99
Costs to cover: 4.044%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 7 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, 2 min ago	17.79 bp	180.4 bp −$180	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	6.41 bp	18.1 bp −$18	77.3 bp −$773	425.3 bp −$42.5K	1078.6 bp −$539.3K

FORM on 10 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3106	+0.243%	—	—	—	as long as short
BloFin FORM-USDT	+0.0067%	4h	0.3090	−0.258%	$865K	$402K	50x	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3103	+0.167%	$39K	$1.1M	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3104	+0.200%	$15.1M	$172.1M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3112	+0.439%	$1.7M	$14.5M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3098	0.000%	$697K	$5.3M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3102	+0.129%	$1.2M	$9.7M	100x	as long as short
KuCoin FORMUSDTMlong	+0.0100%	4h	0.3098	long leg	$182K	$1.6M	30x
Bitget FORMUSDT	+0.0100%	4h	0.3100	+0.065%	$951K	$10.5M	50x	as long as short
BingX FORM-USDTshort	+0.0100%	4h	0.3109	+0.355%	—	$3.9M	—