Funding arb · Price arb /

AR

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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: KuCoin against BingX+0.117%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2492.493% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.117%, 7d avg +0.056%

Together, before fees−0.047%−$5 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 0.062% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.2600	0.0100	pay 0.0100% / 8h	37m 45s	—	$2.7M	—
Short	KuCoin ARUSDTM	4.2650	0.0100	get 0.0100% / 8h	37m 45s	$1.1M	$1.2M	50x

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 +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.056%: $6.19
Slippage, 4 orders: −$227.29
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$243.1
Costs to cover: 2.493%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 7 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, 11 min ago	4.65 bp	22.6 bp −$23	58.4 bp −$584	446.0 bp −$44.6K	809.0 bp −$404.5K
Sell KuCoin live order book, 7 min ago	5.85 bp	94.9 bp −$95	483.2 bp −$4,832	doesn't fit	doesn't fit

AR on 17 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_ARUSD	−0.1524%	1h	4.2592	−0.019%	$53K	$141K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2629	+0.068%	$547K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.850%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2626	+0.061%	$32K	$403K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2580	−0.047%	$8.5M	$48.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2587	−0.031%	$4.4M	$8.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2560	−0.094%	$2.2M	$15.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2540	−0.141%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2590	−0.023%	$5.9M	$4.0M	100x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.2650	+0.117%	$1.1M	$1.2M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2580	−0.047%	$3.7M	$5.1M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.2600	long leg	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.2717	+0.274%	$245K	$515K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2780	+0.423%	$21K	$711K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2596	−0.010%	$36K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2630	+0.070%	$414K	$443K	20x	as long as short
Hyperliquid AR	+0.0383%	1h	4.2690	+0.211%	$3.9M	$4.7M	5x	as long as short