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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: KuCoin against BingX0.000%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,243as in the Price arb table
costs, in and out, $10k−$1,25212.522% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 4 days (all we have)+0.046%+$5 · spread now 0.000%, 7d avg −0.095%
Together, before fees+0.135%+$13 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 0.095% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.095%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 10000SATS-USDT0.000000012300.0100pay 0.0050% / 4h2h 14m$5.6M
ShortKuCoin 10000SATSUSDTM0.000000012300.0100get 0.0050% / 4h2h 14m$198K$89K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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: 0.000% → −0.095%
$9.47
Slippage, 4 orders
−$1,230.23
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,242.76
Costs to cover
12.522%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 41 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 BingX live order book, 6 min ago8.13 bp26.9 bp −$27145.7 bp −$1,457673.3 bp −$67.3Kdoesn't fit
Sell KuCoin live order book, 41 min ago4.04 bp518.5 bp −$519doesn't fitdoesn't fitdoesn't fit

SATS on 8 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
Binance 1000SATSUSDT+0.0100%4h0.000000012300.000%$2.2M$5.6M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001230−0.033%$285K$889K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001232+0.130%$810K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001228−0.163%$360K$260K25xas long as short
MEXC SATS_USDT+0.0100%8h0.00000001229−0.081%$374K$189K100xas long as short
KuCoin 10000SATSUSDTMshort+0.0100%4h0.000000012300.000%$198K$89K10x
Bitget 1000SATSUSDT+0.0100%4h0.00000001231+0.081%$716K$248K25xas long as short
BingX 10000SATS-USDTlong+0.0100%4h0.00000001230long leg$5.6M