Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin+0.060%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$880as in the Funding arb table

Net, price: spread back to 7d avg − costs−$878as in the Price arb table

costs, in and out, $10k−$8858.845% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.060%, 7d avg −0.008%

Together, before fees−0.007%−$1 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 0.068% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06712	0.0100	pay 0.0050% / 4h	6m 41s	$571K	$106K	20x
Short	BingX BASED-USDT	0.06716	0.0100	get 0.0050% / 4h	6m 41s	—	$1.6M	—

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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.008%: $6.8
Slippage, 4 orders: −$862.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$877.71
Costs to cover: 8.845%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; BingX: live order book, 18 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, 20 min ago	15.62 bp	377.7 bp −$378	947.5 bp −$9,475	doesn't fit	doesn't fit
Sell BingX live order book, 18 min ago	2.23 bp	27.4 bp −$27	85.6 bp −$856	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
Aster BASEDUSDT	+0.0100%	4h	0.06719	+0.112%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06721	+0.134%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06710	−0.030%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06713	+0.015%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06723	+0.164%	$536K	$509K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06720	+0.119%	$4.8M	$608K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06712	long leg	$571K	$106K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06724	+0.179%	$1.3M	$383K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06716	+0.060%	—	$1.6M	—
Variational Omni BASED	+0.0100%	4h	0.06711	−0.008%	$92K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06682	−0.452%	$94K	$381K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06717	+0.074%	$1K	$779K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06721	+0.139%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0136%	4h	0.06721	+0.134%	$252K	$36K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0166%	4h	0.06721	+0.134%	$3K	$745	10x	as long as short