Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: KuCoin against BingX+0.282%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,027as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,007as in the Price arb table

costs, in and out, $10k−$1,02710.269% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.282%, 7d avg +0.081%

Together, before fees−0.235%−$23 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 0.200% dearer against BingX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02486	0.0100	pay 0.0050% / 4h	57m 57s	—	$6.5M	—
Short	KuCoin STABLEUSDTM	0.02493	0.0100	get 0.0050% / 4h	57m 57s	$179K	$27K	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 +0.282%Rate

Funding earned: $0
Price spread: +0.282% → +0.081%: $20.01
Slippage, 4 orders: −$1,004.92
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,006.9
Costs to cover: 10.269%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 66 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, 4 min ago	4.05 bp	25.8 bp −$26	81.0 bp −$810	621.5 bp −$62.1K	1061.4 bp −$530.7K
Sell KuCoin live order book, 66 min ago	28.26 bp	650.2 bp −$650	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Aster STABLEUSDT	−0.0047%	4h	0.02483	−0.132%	$19K	$6K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02498	+0.499%	$115K	$3K	3x	as long as short
BloFin STABLE-USDT	+0.0099%	4h	0.02477	−0.362%	$112K	$7K	75x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02487	+0.020%	$876K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02486	+0.014%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02487	+0.040%	$1.5M	$753K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02487	+0.040%	$205K	$407K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02487	+0.040%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02485	−0.040%	$663K	$154K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02493	+0.282%	$179K	$27K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02486	0.000%	$293K	$115K	25x	as long as short
BingX STABLE-USDTlong	+0.0100%	4h	0.02486	long leg	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02473	−0.516%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02482	−0.181%	$1K	$660K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02486	−0.008%	$12K	$175K	10x	as long as short