Funding arb · Price arb /

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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 +0.201%

Price spread now: BingX against KuCoin+0.059%7-day average +0.341% · you sell dearer than you buy

Net, funding: paid 7d − costs−$751as in the Funding arb table

Net, price: spread back to 7d avg − costs−$829as in the Price arb table

costs, in and out, $10k−$8008.004% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.496%+$50 on $10k

Price spread, last 7 days+0.401%+$40 · spread now +0.059%, 7d avg +0.341%

Together, before fees+0.897%+$90 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 0.282% cheaper against KuCoin than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.341%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONUSDTM	0.1358	0.0100	pay 0.0050% / 4h	1h 14m	$749K	$51K	50x
Short	BingX ON-USDT	0.1359	0.0100	get 0.0050% / 4h	1h 14m	—	$6.6M	—

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 +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.341%: −$28.25
Slippage, 4 orders: −$778.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$828.68
Costs to cover: 8.004%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 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, 10 min ago	12.85 bp	367.8 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	7.35 bp	12.4 bp −$12	48.1 bp −$481	doesn't fit	doesn't fit

ON 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
edgeX ONUSDC	+0.0091%	4h	0.1361	+0.216%	$7K	$133K	10x	as long as short
Binance ONUSDT	+0.0100%	4h	0.1358	+0.006%	$5.9M	$3.9M	50x	as long as short
Gate ON_USDT	+0.0100%	4h	0.1356	−0.191%	$302K	$31K	5x	as long as short
MEXC ON_USDT	+0.0100%	4h	0.1359	+0.059%	$1.0M	$408K	50x	as long as short
KuCoin ONUSDTMlong	+0.0100%	4h	0.1358	long leg	$749K	$51K	50x
BingX ON-USDTshort	+0.0100%	4h	0.1359	+0.059%	—	$6.6M	—
Variational Omni ON	+0.0100%	4h	0.1360	+0.150%	$25K	$7K	—	as long as short
Aster ONUSDT	+0.0620%	4h	0.1356	−0.162%	$443K	$30K	5x	as long as short