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

SLX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0261%/8h= +28.6% APRnext payment +$1.30 per $10,000 · paid last 24h +0.192%
Price spread now: BloFin against KuCoin+0.147%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$552as in the Funding arb table
Net, price: spread back to 7d avg − costs−$583as in the Price arb table
costs, in and out, $10k−$5915.911% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.394%+$39 on $10k
Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.147%, 7d avg +0.062%
Together, before fees+0.248%+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.085% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SLXUSDTM0.068130.0100pay 0.0050% / 4h2h 13m$1.0M$1.6M20x
ShortBloFin SLX-USDT0.068230.0361get 0.0180% / 4h2h 13m$170K$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$54.8
Price spread: +0.147% → +0.062%
$8.5
Slippage, 4 orders
−$567.11
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$527.81
Costs to cover
5.911%
Break-even
74.4 days
Slippage from KuCoin: live order book, 3 min ago; BloFin: 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, 3 min ago2.94 bp147.0 bp −$1472118.4 bp −$21.2Kdoesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.47 bp27.8 bp −$2897.6 bp −$976doesn't fitdoesn't fit

SLX on 11 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
KuCoin SLXUSDTMlong+0.0100%4h0.06813long leg$1.0M$1.6M20x
Bitget SLXUSDT+0.0100%4h0.06803−0.147%$1.0M$362K20xas long as short
SunX SLX-USDT+0.0100%4h0.06830+0.250%$1K$515K20xas long as short
Gate SLX_USDT+0.0118%4h0.06807−0.088%$309K$765K25xas long as short
OKX SLX-USDT-SWAP+0.0194%4h0.06820+0.103%$1.8M$2.1M20xas long as short
MEXC SLX_USDT+0.0306%4h0.06810−0.044%$1.9M$258K20xas long as short
Binance SLXUSDT+0.0307%4h0.06820+0.103%$2.6M$3.7M25xas long as short
BloFin SLX-USDTshort+0.0361%4h0.06823+0.147%$170K$8K25x
BingX SLX-USDT+0.0378%4h0.06793−0.294%$1.7Mas long as short
Aster SLXUSDT+0.0503%4h0.06804−0.138%$16K$31K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SLXUSDT+0.0515%4h0.06802−0.161%$1.0M$563K20xas long as short