Funding arb · Price arb /

H

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Swap Backtest

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 +0.017%

Price spread now: BingX against KuCoin+0.073%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$768as in the Funding arb table

Net, price: spread back to 7d avg − costs−$762as in the Price arb table

costs, in and out, $10k−$7707.705% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.073%, 7d avg −0.015%

Together, before fees−0.110%−$11 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 0.087% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06876	0.0100	pay 0.0050% / 4h	1h 33m	$1.6M	$10.0M	8x
Short	BingX H-USDT	0.06881	0.0100	get 0.0050% / 4h	1h 33m	—	$2.7M	—

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 +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.015%: $8.73
Slippage, 4 orders: −$748.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$761.74
Costs to cover: 7.705%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 1 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, 4 min ago	2.91 bp	313.8 bp −$314	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.36 bp	19.6 bp −$20	101.2 bp −$1,012	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.104%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0087%	4h	0.06894	+0.262%	$584K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06887	+0.154%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06882	+0.087%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06864	−0.175%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06884	+0.116%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06872	−0.058%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06879	+0.044%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06876	long leg	$1.6M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.06873	−0.044%	$1.7M	$456K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTshort	+0.0100%	4h	0.06881	+0.073%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06874	−0.033%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06892	+0.233%	$1.1M	$450K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06877	+0.009%	$11K	$107K	5x	as long as short