Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.119%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$898as in the Funding arb table

Net, price: spread back to 7d avg − costs−$905as in the Price arb table

costs, in and out, $10k−$8988.977% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.119%, 7d avg −0.050%

Together, before fees+0.079%+$8 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 0.069% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007538	0.0100	pay 0.0050% / 4h	1h 23m	$145K	$19K	30x
Short	BingX ALT-USDT	0.007529	0.0100	get 0.0050% / 4h	1h 23m	—	$1.3M	—

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 −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.050%: −$6.9
Slippage, 4 orders: −$875.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$904.6
Costs to cover: 8.977%
Break-even: never at this rate

Slippage from KuCoin: live order book, 17 min ago; BingX: live order book, 2 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, 17 min ago	7.96 bp	296.8 bp −$297	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.64 bp	24.3 bp −$24	68.3 bp −$683	532.3 bp −$53.2K	777.0 bp −$388.5K

ALT 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
Kraken Futures PF_ALTUSD	−0.0426%	1h	0.007536	−0.030%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0015%	1h	0.007536	−0.027%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.030%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0059%	4h	0.007515	−0.305%	$168K	$8K	50x	as long as short
Variational Omni ALT	+0.0083%	4h	0.007527	−0.144%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007527	−0.146%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007534	−0.053%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007527	−0.146%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007528	−0.133%	$50K	$387K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007532	−0.080%	$379K	$170K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007538	long leg	$145K	$19K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007524	−0.186%	$603K	$131K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007529	−0.119%	—	$1.3M	—
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007547	+0.119%	$13K	$2K	50x	as long as short