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

SATS

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SwapBacktest
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 +0.012%
Price spread now: BingX against KuCoin+0.081%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,156as in the Price arb table
costs, in and out, $10k−$1,15411.540% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.081%, 7d avg +0.100%
Together, before fees−0.217%−$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 10000SATSUSDTM0.000000012290.0100pay 0.0050% / 4h3h 55m$218K$84K10x
ShortBingX 10000SATS-USDT0.000000012300.0100get 0.0050% / 4h3h 55m$90.8M

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: +0.081% → +0.100%
−$1.83
Slippage, 4 orders
−$1,131.96
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$1,155.79
Costs to cover
11.540%
Break-even
never at this rate
Slippage from KuCoin: live order book, 64 min ago; BingX: live order book, 3 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, 64 min ago12.23 bp469.9 bp −$470doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago8.13 bp29.6 bp −$30130.3 bp −$1,303676.6 bp −$67.7Kdoesn'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
Bitget 1000SATSUSDT−0.0004%4h0.00000001230+0.081%$723K$217K25xas long as short
Binance 1000SATSUSDT+0.0100%4h0.000000012290.000%$2.2M$5.1M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001232+0.203%$284K$861K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001232+0.260%$834K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001230+0.081%$355K$237K25xas long as short
MEXC SATS_USDT+0.0100%8h0.00000001231+0.163%$376K$178K100xas long as short
KuCoin 10000SATSUSDTMlong+0.0100%4h0.00000001229long leg$218K$84K10x
BingX 10000SATS-USDTshort+0.0100%4h0.00000001230+0.081%$90.8M