Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.135%

Price spread now: KuCoin against tradeXYZ−0.071%7-day average +0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.071%, 7d avg +0.032%

Together, before fees+0.355%+ Points / potential airdroptradeXYZ: Active · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.103% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.032%). If the spread goes back, that is −$10 on $10k: about 6.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.31	0.0050	pay 0.0006% / 1h	33m 12s	$664K	$225K	10x
Short	KuCoin BXUSDTM	126.22	0.0100	get 0.0100% / 8h	33m 12s	$110K	$771K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.071%Rate

Funding earned: $10.5
Price spread: −0.071% → +0.032%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.83
Costs to cover: 0.300%
Break-even: 26.9 days

Slippage unknown: tradeXYZ: live order book, 23 min ago; KuCoin: live order book, 31 min ago. Net counts fees only.

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 tradeXYZ live order book, 23 min ago	3.17 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 31 min ago	3.56 bp	189.6 bp −$190	doesn't fit	doesn't fit	doesn't fit

BX on 14 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 BXUSDT	0.0000%	8h	126.31	−0.001%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.43	+0.092%	$773K	$482K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.45	+0.111%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.46	+0.119%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.91	+0.475%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.51	+0.158%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.49	+0.143%	$899K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.39	+0.060%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.42	+0.087%	$172	$289K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.48	+0.135%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BXlong	+0.0050%	1h	126.31	long leg	$664K	$225K	10x
GRVT BX_USDT_Perp	+0.0063%	8h	126.40	+0.069%	$933	$100K	10x	as long as short
KuCoin BXUSDTMshort	+0.0100%	8h	126.22	−0.071%	$110K	$771K	20x
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.841%	$4K	$32K	12x	as long as short