Funding arb · Price arb /

PIXEL

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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 0.000%

Price spread now: Binance against KuCoin+0.073%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

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

Long on KuCoin Short on Binance

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)+0.003%$0 · spread now +0.073%, 7d avg −0.020%

Together, before fees+0.008%+$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: Binance is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIXELUSDTM	0.005460	0.0100	pay 0.0050% / 4h	2h 06m	$359K	$73K	25x
Short	Binance PIXELUSDT	0.005464	0.0100	get 0.0050% / 4h	2h 06m	$1.8M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.020%: $9.3
Slippage, 4 orders: −$199.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$212.34
Costs to cover: 2.216%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; Binance: live order book, 12 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, 30 min ago	13.65 bp	58.9 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.74 bp	27.3 bp −$27	164.6 bp −$1,646	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	0.005488	+0.508%	$5K	$2K	10x	as long as short
Aster PIXELUSDT	+0.0100%	4h	0.005464	+0.075%	$4K	$4K	5x	as long as short
Binance PIXELUSDTshort	+0.0100%	4h	0.005464	+0.073%	$1.8M	$1.7M	25x
Bybit PIXELUSDT	+0.0100%	4h	0.005468	+0.147%	$527K	$201K	25x	as long as short
Gate PIXEL_USDT	+0.0100%	4h	0.005458	−0.037%	$150K	$39K	50x	as long as short
MEXC PIXEL_USDT	+0.0100%	4h	0.005465	+0.092%	$904K	$206K	20x	as long as short
KuCoin PIXELUSDTMlong	+0.0100%	4h	0.005460	long leg	$359K	$73K	25x
Bitget PIXELUSDT	+0.0100%	4h	0.005461	+0.018%	$585K	$416K	25x	as long as short
BingX PIXEL-USDT	+0.0100%	4h	0.005466	+0.110%	—	$1.3M	—	as long as short
Variational Omni PIXEL	+0.0100%	4h	0.005472	+0.221%	$1K	$254	—	as long as short