Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against BingX+0.061%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$774as in the Funding arb table

Net, price: spread back to 7d avg − costs−$770as in the Price arb table

costs, in and out, $10k−$7747.744% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.061%, 7d avg +0.014%

Together, before fees−0.081%−$8 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 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX INIT-USDT	0.08170	0.0100	pay 0.0050% / 4h	2h 11m	—	$6.6M	—
Short	KuCoin INITUSDTM	0.08175	0.0100	get 0.0050% / 4h	2h 11m	$325K	$55K	25x

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 +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.014%: $4.69
Slippage, 4 orders: −$752.42
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$769.73
Costs to cover: 7.744%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 69 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, 10 min ago	5.51 bp	30.3 bp −$30	82.1 bp −$821	524.1 bp −$52.4K	783.8 bp −$391.9K
Sell KuCoin live order book, 69 min ago	16.43 bp	238.1 bp −$238	doesn't fit	doesn't fit	doesn't fit

INIT on 13 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 INIT-USDT	+0.0050%	4h	0.08176	+0.073%	$154K	$110K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08164	−0.067%	$297K	$235K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08173	+0.037%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08172	+0.024%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08159	−0.135%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08169	−0.012%	$132K	$630K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08169	−0.012%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08171	+0.012%	$444K	$217K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08175	+0.061%	$325K	$55K	25x
Bitget INITUSDT	+0.0100%	4h	0.08168	−0.024%	$426K	$311K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDTlong	+0.0100%	4h	0.08170	long leg	—	$6.6M	—
Variational Omni INIT	+0.0100%	4h	0.08157	−0.157%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0535%	1h	0.08171	+0.016%	$6K	$17K	10x	as long as short