Settings8H · net · $10k
Funding arb · Price arb /

ESPORTS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0457%/8h= −50.1% APRnext payment $2.29 per $10,000 · paid last 24h +0.061%
Price spread now: KuCoin against Binance−0.193%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,625as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,534as in the Price arb table
costs, in and out, $10k−$1,52915.289% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.961%−$96 on $10k
Price spread, last 4 days (all we have)−0.234%−$23 · spread now −0.193%, 7d avg −0.140%
Together, before fees−1.195%−$120 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.053% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ESPORTSUSDT0.010340.0999pay 0.0500% / 4h3h 42m$5.8M$4.6M10x
ShortKuCoin ESPORTSUSDTM0.010320.0542get 0.0271% / 4h3h 42m$777K$40K10x

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

Funding earned
−$96.08
Price spread: −0.193% → −0.140%
−$5.3
Slippage, 4 orders
−$1,506.89
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,630.26
Costs to cover
15.289%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago4.83 bp30.9 bp −$31224.1 bp −$2,241doesn't fitdoesn't fit
Sell KuCoin live order book, 47 min ago19.36 bp891.5 bp −$892doesn't fitdoesn't fitdoesn't fit

ESPORTS on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ESPORTS+0.0100%4h0.01036+0.176%$31K$507as long as short
Bybit ESPORTSUSDT+0.0316%4h0.01035+0.097%$1.8M$1.1M10xas long as short
KuCoin ESPORTSUSDTMshort+0.0542%4h0.01032−0.193%$777K$40K10x
Aster ESPORTSUSDT+0.0614%4h0.01033−0.136%$126K$88K5xas long as short
BingX ESPORTS-USDT+0.0988%4h0.01035+0.097%$1.4Mas long as short
MEXC ESPORTS_USDT+0.0998%4h0.010340.000%$1.4M$190K20xas long as short
Binance ESPORTSUSDTlong+0.0999%4h0.01034long leg$5.8M$4.6M10x
Gate ESPORTS_USDT+0.1040%4h0.01037+0.290%$373K$563K10xas long as short