Funding arb · Price arb /

OG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.062%

Price spread now: BingX against KuCoin+0.085%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$994as in the Funding arb table

Net, price: spread back to 7d avg − costs−$994as in the Price arb table

costs, in and out, $10k−$1,00610.060% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.085%, 7d avg −0.038%

Together, before fees+0.022%+$2 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 0.123% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OGUSDTM	2.8346	0.0100	pay 0.0050% / 4h	1h 14m	$170K	$60K	25x
Short	BingX OG-USDT	2.8370	0.0100	get 0.0050% / 4h	1h 14m	—	$6.5M	—

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 +0.085%Rate

Funding earned: $0
Price spread: +0.085% → −0.038%: $12.27
Slippage, 4 orders: −$983.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$993.7
Costs to cover: 10.060%
Break-even: never at this rate

Slippage from KuCoin: live order book, 75 min ago; BingX: live order book, 2 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, 75 min ago	29.61 bp	404.2 bp −$404	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	8.80 bp	40.1 bp −$40	110.7 bp −$1,107	1064.7 bp −$106.5K	1376.9 bp −$688.4K

OG on 8 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
Binance OGUSDT	+0.0100%	4h	2.8365	+0.066%	$1.9M	$1.1M	25x	as long as short
Bybit OGUSDT	+0.0100%	8h	2.8380	+0.120%	$531K	$175K	13x	as long as short
Gate OG_USDT	+0.0100%	4h	2.8270	−0.268%	$97K	$30K	25x	as long as short
MEXC OG_USDT	+0.0100%	4h	2.8360	+0.049%	$764K	$231K	50x	as long as short
KuCoin OGUSDTMlong	+0.0100%	4h	2.8346	long leg	$170K	$60K	25x
Bitget OGUSDT	+0.0100%	4h	2.8377	+0.109%	$256K	$135K	20x	as long as short
BingX OG-USDTshort	+0.0100%	4h	2.8370	+0.085%	—	$6.5M	—
Variational Omni OG	+0.0100%	8h	2.8419	+0.259%	$1K	$262	—	as long as short