Funding arb · Price arb /

PIXEL

all PIXEL markets

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 0.000%

Price spread now: KuCoin against Binance−0.005%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2222.216% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.005%, 7d avg +0.020%

Together, before fees−0.076%−$8 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: KuCoin is 0.025% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIXELUSDT	0.005464	0.0100	pay 0.0050% / 4h	2h 05m	$1.8M	$1.7M	25x
Short	KuCoin PIXELUSDTM	0.005464	0.0100	get 0.0050% / 4h	2h 05m	$359K	$73K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.020%: −$2.49
Slippage, 4 orders: −$199.64
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$224.13
Costs to cover: 2.216%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 32 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 Binance live order book, 13 min ago	2.74 bp	26.7 bp −$27	235.9 bp −$2,359	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 min ago	13.65 bp	108.7 bp −$109	doesn't fit	doesn't fit	doesn't fit

PIXEL 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
Kraken Futures PF_PIXELUSD	−0.0659%	1h	0.005491	+0.480%	$5K	$2K	10x	as long as short
Aster PIXELUSDT	+0.0100%	4h	0.005463	−0.018%	$4K	$4K	5x	as long as short
Binance PIXELUSDTlong	+0.0100%	4h	0.005464	long leg	$1.8M	$1.7M	25x
Bybit PIXELUSDT	+0.0100%	4h	0.005470	+0.105%	$527K	$201K	25x	as long as short
Gate PIXEL_USDT	+0.0100%	4h	0.005458	−0.115%	$150K	$39K	50x	as long as short
MEXC PIXEL_USDT	+0.0100%	4h	0.005464	−0.005%	$903K	$206K	20x	as long as short
KuCoin PIXELUSDTMshort	+0.0100%	4h	0.005464	−0.005%	$359K	$73K	25x
Bitget PIXELUSDT	+0.0100%	4h	0.005461	−0.060%	$585K	$416K	25x	as long as short
BingX PIXEL-USDT	+0.0100%	4h	0.005465	+0.013%	—	$1.3M	—	as long as short
Variational Omni PIXEL	+0.0100%	4h	0.005466	+0.032%	$1K	$254	—	as long as short