Funding arb · Price arb /

STABLE

all STABLE markets

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: BingX against KuCoin−0.241%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,026as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,043as in the Price arb table

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

Long on KuCoin Short on BingX

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)+0.189%+$19 · spread now −0.241%, 7d avg −0.081%

Together, before fees+0.194%+$19 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: BingX is 0.159% cheaper against KuCoin than usual: you would sell low and buy high, −$16 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	KuCoin STABLEUSDTM	0.02491	0.0100	pay 0.0050% / 4h	56m 32s	$179K	$27K	30x
Short	BingX STABLE-USDT	0.02485	0.0100	get 0.0050% / 4h	56m 32s	—	$6.5M	—

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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $0
Price spread: −0.241% → −0.081%: −$15.94
Slippage, 4 orders: −$1,004.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,042.86
Costs to cover: 10.269%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; BingX: live order book, 5 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 KuCoin live order book, 68 min ago	28.26 bp	322.6 bp −$323	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.05 bp	28.2 bp −$28	72.6 bp −$726	744.5 bp −$74.5K	1388.2 bp −$694.1K

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	−0.0032%	4h	0.02484	−0.285%	$19K	$6K	20x	as long as short
BloFin STABLE-USDT	+0.0041%	4h	0.02482	−0.361%	$113K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02497	+0.257%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02485	−0.249%	$876K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02483	−0.307%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02484	−0.261%	$1.5M	$753K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02484	−0.281%	$204K	$406K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02485	−0.241%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02485	−0.241%	$663K	$154K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02491	long leg	$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	0.02485	−0.241%	$293K	$115K	25x	as long as short
BingX STABLE-USDTshort	+0.0100%	4h	0.02485	−0.241%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02473	−0.716%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02484	−0.265%	$1K	$660K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02483	−0.301%	$12K	$175K	10x	as long as short