Funding arb · Price arb /

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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+0.161%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$808as in the Funding arb table

Net, price: spread back to 7d avg − costs−$788as in the Price arb table

costs, in and out, $10k−$8048.040% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.161%, 7d avg +0.005%

Together, before fees−0.210%−$21 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 0.156% dearer against BingX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06839	0.0100	pay 0.0050% / 4h	39m 47s	—	$1.7M	—
Short	KuCoin BASEDUSDTM	0.06850	0.0100	get 0.0050% / 4h	39m 47s	$583K	$70K	20x

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 +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.005%: $15.58
Slippage, 4 orders: −$781.95
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$788.38
Costs to cover: 8.040%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 64 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, 7 min ago	5.11 bp	22.8 bp −$23	82.6 bp −$826	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	19.61 bp	424.0 bp −$424	935.5 bp −$9,355	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0096%	4h	0.06855	+0.234%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06848	+0.132%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06848	+0.131%	$4.3M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06842	+0.044%	$2.1M	$694K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06835	−0.058%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06843	+0.058%	$536K	$580K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06849	+0.146%	$4.9M	$519K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06850	+0.161%	$583K	$70K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06843	+0.058%	$1.3M	$378K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06839	long leg	—	$1.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06839	−0.005%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06842	+0.044%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06853	+0.205%	$1K	$913K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06847	+0.113%	$2K	$257K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0415%	4h	0.06850	+0.161%	$3K	$664	10x	as long as short