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

BNC

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.305%
Price spread now: KuCoin against Bullet+0.016%61s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet BNC-USD6.24700get 0.0000% / 1h49m 22s$9K$69K10x
ShortKuCoin BNCUSDTM6.24800.0100get 0.0100% / 8h49m 22s$41K$3.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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
$21
Price spread: +0.016% → 0.000%
$1.6
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$2.6
Costs to cover
0.200%
Break-even
6.1 days
Slippage unknown: Bullet: no order-book sample; KuCoin: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet no order-book sample
Sell KuCoin live order book, 8 min ago11.23 bp134.3 bp −$134doesn't fitdoesn't fitdoesn't fit
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNC on 9 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 BNCUSDT−0.1392%8h6.2647+0.283%$789K$4.2M5xas long as short
Binance BNCUSDT−0.0987%8h6.2529+0.095%$13.4M$40.8M10xas long as short
Variational Omni BNC−0.0840%8h6.2378−0.148%$116K$141Kas long as short
Aster BNCUSD1−0.0504%8h6.2491+0.033%$179K$22K10xas long as short
Bybit BNCUSDT−0.0409%8h6.2550+0.128%$562K$1.9M25xas long as short
Bullet BNC-USDlong0.0000%1h6.2470long leg$9K$69K10x
HTX BNC-USDT0.0000%8h6.2440−0.048%$14K$27K10xas long as short
QFEX BNC-USD+0.0032%1h6.2500+0.048%$49K$13K10xas long as short
KuCoin BNCUSDTMshort+0.0100%8h6.2480+0.016%$41K$3.0M20x