Funding arb · Price arb /

SKL

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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 +0.040%

Price spread now: KuCoin against BingX+0.109%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$420as in the Funding arb table

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3303.298% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.904%−$90 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.109%, 7d avg −0.008%

Together, before fees−0.993%−$99 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 0.117% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKL-USDT	0.004601	0.0100	pay 0.0050% / 4h	3h 37m	—	$2.3M	—
Short	KuCoin SKLUSDTM	0.004606	0.0100	get 0.0050% / 4h	3h 37m	$840K	$364K	30x

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

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.008%: $11.66
Slippage, 4 orders: −$307.84
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$318.18
Costs to cover: 3.298%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 17 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 BingX live order book, 7 min ago	8.68 bp	34.6 bp −$35	68.5 bp −$685	doesn't fit	doesn't fit
Sell KuCoin live order book, 17 min ago	8.70 bp	134.1 bp −$134	609.0 bp −$6,090	doesn't fit	doesn't fit

SKL 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
Bybit SKLUSDT	−0.0674%	8h	0.004601	0.000%	$887K	$1.0M	25x	as long as short
Bitget SKLUSDT	+0.0066%	4h	0.004599	−0.043%	$499K	$1.0M	25x	as long as short
Binance SKLUSDT	+0.0100%	4h	0.004600	−0.030%	$2.8M	$9.4M	50x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004610	+0.196%	$205K	$237K	50x	as long as short
MEXC SKL_USDT	+0.0100%	4h	0.004600	−0.022%	$395K	$206K	20x	as long as short
KuCoin SKLUSDTMshort	+0.0100%	4h	0.004606	+0.109%	$840K	$364K	30x
BingX SKL-USDTlong	+0.0100%	4h	0.004601	long leg	—	$2.3M	—
Variational Omni SKL	+0.0100%	8h	0.004607	+0.137%	$709	$1K	—	as long as short
BloFin SKL-USDT	+0.0104%	4h	0.004600	−0.022%	$184K	$44K	50x	as long as short
Kraken Futures PF_SKLUSD	+0.0400%	1h	0.004612	+0.243%	$5K	$5K	10x	as long as short