Funding arb · Price arb /

AXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.115%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$896as in the Funding arb table

Net, price: spread back to 7d avg − costs−$857as in the Price arb table

costs, in and out, $10k−$8608.603% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.356%−$36 on $10k

Price spread, last 4 days (all we have)+0.267%+$27 · spread now +0.115%, 7d avg +0.082%

Together, before fees−0.089%−$9 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 0.033% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXLUSDT	0.05208	0.0100	pay 0.0050% / 4h	3h 21m	$1.8M	$2.7M	50x
Short	KuCoin AXLUSDTM	0.05214	0.0100	get 0.0050% / 4h	3h 21m	$440K	$71K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.082%: $3.3
Slippage, 4 orders: −$838.31
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$857.01
Costs to cover: 8.603%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: 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 Binance live order book, 14 min ago	0.96 bp	31.4 bp −$31	142.5 bp −$1,425	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	11.51 bp	367.9 bp −$368	doesn't fit	doesn't fit	doesn't fit

AXL on 9 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
BingX AXL-USDT	+0.0070%	4h	0.05206	−0.038%	—	$2.3M	—	as long as short
BloFin AXL-USDT	+0.0084%	4h	0.05195	−0.250%	$116K	$9K	50x	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05212	+0.085%	$34K	$6K	5x	as long as short
Binance AXLUSDTlong	+0.0100%	4h	0.05208	long leg	$1.8M	$2.7M	50x
Bybit AXLUSDT	+0.0100%	4h	0.05217	+0.173%	$1.5M	$1.2M	25x	as long as short
MEXC AXL_USDT	+0.0100%	4h	0.05212	+0.077%	$318K	$147K	50x	as long as short
KuCoin AXLUSDTMshort	+0.0100%	4h	0.05214	+0.115%	$440K	$71K	30x
Bitget AXLUSDT	+0.0100%	4h	0.05210	+0.038%	$561K	$306K	50x	as long as short
Variational Omni AXL	+0.0100%	4h	0.05173	−0.663%	$6K	$23K	—	as long as short