Funding arb · Price arb /

NOT

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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 0.000%

Price spread now: BingX against KuCoin+0.159%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$482as in the Funding arb table

Net, price: spread back to 7d avg − costs−$476as in the Price arb table

costs, in and out, $10k−$4894.887% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.159%, 7d avg +0.034%

Together, before fees−0.006%−$1 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 0.125% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0005032	0.0100	pay 0.0050% / 4h	1h 09m	$467K	$133K	50x
Short	BingX NOT-USDC	0.0005040	0.0100	get 0.0050% / 4h	1h 09m	—	$724K	—

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 +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.034%: $12.48
Slippage, 4 orders: −$466.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$476.23
Costs to cover: 4.887%
Break-even: never at this rate

Slippage from KuCoin: live order book, 63 min ago; BingX: live order book, 34 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, 63 min ago	12.92 bp	109.6 bp −$110	352.9 bp −$3,529	doesn't fit	doesn't fit
Sell BingX live order book, 34 min ago	4.95 bp	148.2 bp −$148	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0144%	4h	0.0005030	−0.033%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.140%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0048%	4h	0.0005042	+0.199%	$110K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005051	+0.374%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.159%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005039	+0.129%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005039	+0.141%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005034	+0.040%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005038	+0.119%	$613K	$584K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005038	+0.119%	$140K	$79K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005039	+0.139%	$1.4M	$471K	200x	as long as short
KuCoin NOTUSDTMlong	+0.0100%	4h	0.0005032	long leg	$467K	$133K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005043	+0.219%	$662K	$387K	50x	as long as short
BingX NOT-USDCshort	+0.0100%	4h	0.0005040	+0.159%	—	$724K	—
Extended kNOT-USD	+0.0104%	1h	0.0005037	+0.099%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6213%	1h	0.0005031	−0.022%	$49K	$10K	10x	as long as short