Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
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 +0.013%
Price spread now: BingX against KuCoin+0.051%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2392.393% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 7 days+0.062%+$6 · spread now +0.051%, 7d avg +0.063%
Together, before fees+0.106%+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SUSDTM0.038990.0100pay 0.0050% / 4h2h 30m$1.8M$3.1M50x
ShortBingX S-USDT0.039010.0100get 0.0050% / 4h2h 30m$6.8M

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

Funding earned
$0
Price spread: +0.051% → +0.063%
−$1.21
Slippage, 4 orders
−$217.31
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$240.52
Costs to cover
2.393%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago3.85 bp113.9 bp −$114313.9 bp −$3,139doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago3.85 bp20.0 bp −$2052.2 bp −$522318.8 bp −$31.9K612.0 bp −$306.0K

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1463%1h0.03900+0.034%$33K$32K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−1.872%$47K$5K25xas long as short
Variational Omni S−0.1055%4h0.03895−0.094%$606K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0189% / S +0.0183%1h0.03906+0.169%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03901+0.054%$415xas long as short
Aster SUSDT−0.0018%4h0.03904+0.132%$43K$212K10xas long as short
Orderly PERP_S_USDC−0.0016%4h0.03902+0.077%$101K$338K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03905+0.144%$602150xas long as short
Deribit S_USDC-PERPETUAL+0.0006%1h0.03908+0.231%$66K$10K10xas long as short
01 Exchange SUSD+0.0008%1h0.03900+0.026%$24K$3K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+5.155%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03905+0.154%$164K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03901+0.062%$984K$911K5xas long as short
Binance SUSDT+0.0100%4h0.03902+0.066%$5.3M$23.7M75xas long as short
Bybit SUSDT+0.0100%4h0.03896−0.077%$5.6M$6.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03900+0.026%$971K$7.4M20xas long as short
Gate S_USDT+0.0100%4h0.03896−0.077%$319K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03901+0.051%$3.5M$2.6M200xas long as short
KuCoin SUSDTMlong+0.0100%4h0.03899long leg$1.8M$3.1M50x
Bitget SUSDT+0.0100%4h0.03903+0.103%$1.2M$3.0M50xas long as short
BingX S-USDTshort+0.0100%4h0.03901+0.051%$6.8M
ApeX Omni SUSDT+0.0100%1h0.03910+0.282%$19K$470K50xas long as short
Extended S-USD+0.0104%1h0.03900+0.033%$219K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.038990.000%$268K$177K75xas long as short
Backpack S_USDC_PERP+0.0490%1h0.03910+0.282%$114K$288K5xas long as short