Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0497%/8hnext payment −$2.49 per $10,000 · paid last 24h +0.030%

Price spread now: BloFin against KuCoin+0.208%136s7-day average +0.118% · you sell dearer than you buy

to open and close $10k−$135fees + slippage, both legs, in and out

costs, in % of the position1.352%what the two incomes have to cover

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.208%, 7d avg +0.118%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.089% dearer against KuCoin than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.118%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.117% in total) that is about 5.3 days. The two prices were read 136 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BEATUSDTM	0.08672	0.0738	pay 0.0369% / 4h	51m 15s	$2.5M	$1.1M	25x
Short	BloFin BEAT-USDT	0.08690	0.0241	get 0.0120% / 4h	51m 15s	$507K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$104.43
Price spread: +0.208% → +0.118%: $8.91
Slippage, 4 orders: −$111.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$230.75
Costs to cover: 1.352%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; BloFin: live order book, 41 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, 12 min ago	4.59 bp	52.2 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 41 min ago	11.48 bp	26.0 bp −$26	48.9 bp −$489	451.5 bp −$45.2K	doesn't fit

BEAT 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 BEATUSDT	+0.0100%	4h	0.08677	+0.057%	$48K	$36K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08672	0.000%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDT	+0.0100%	8h	0.08660	−0.138%	$3.2M	$2.0M	20x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08683	+0.128%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08696	+0.277%	$1K	$1.2M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0153%	4h	0.08688	+0.185%	$4.0M	$9.3M	10x	as long as short
BloFin BEAT-USDTshort	+0.0241%	4h	0.08690	+0.208%	$507K	$51K	10x
HTX BEAT-USDT	+0.0252%	4h	0.08706	+0.392%	$119K	$65K	20x	as long as short
Bitget BEATUSDT	+0.0270%	4h	0.08690	+0.208%	$1.2M	$1.1M	10x	as long as short
Binance BEATUSDT	+0.0272%	4h	0.08680	+0.092%	$8.1M	$10.0M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USD	+0.0272%	1h	0.08679	+0.082%	$5K	$221K	5x	as long as short
MEXC BEAT_USDT	+0.0274%	4h	0.08670	−0.023%	$6.1M	$2.1M	100x	as long as short
edgeX BEATUSDC	+0.0275%	4h	0.08671	−0.014%	$4K	$164K	10x	as long as short
BingX BEAT-USDT	+0.0296%	4h	0.08680	+0.092%	—	$7.7M	—	as long as short
KuCoin BEATUSDTMlong	+0.0738%	4h	0.08672	long leg	$2.5M	$1.1M	25x