Funding arb · Price arb /

S

all S markets

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 −0.013%

Price spread now: KuCoin against BingX0.000%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2192.194% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.126%−$13 · spread now 0.000%, 7d avg −0.063%

Together, before fees−0.171%−$17 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 0.063% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX S-USDT	0.03918	0.0100	pay 0.0050% / 4h	1h 49m	—	$6.8M	—
Short	KuCoin SUSDTM	0.03918	0.0100	get 0.0050% / 4h	1h 49m	$1.8M	$3.1M	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.063%: $6.28
Slippage, 4 orders: −$197.38
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$213.1
Costs to cover: 2.194%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago	3.83 bp	18.7 bp −$19	54.6 bp −$546	502.4 bp −$50.2K	831.4 bp −$415.7K
Sell KuCoin live order book, 3 min ago	6.39 bp	93.3 bp −$93	209.2 bp −$2,092	doesn't fit	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.1594%	1h	0.03920	+0.060%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.348%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0836%	4h	0.03913	−0.136%	$609K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0193% / S +0.0187%	1h	0.03925	+0.184%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03920	+0.057%	$4	—	15x	as long as short
01 Exchange SUSD	−0.0056%	1h	0.03920	+0.051%	$24K	$2K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03924	+0.141%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0026%	4h	0.03923	+0.128%	$100K	$349K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.645%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0046%	4h	0.03923	+0.116%	$43K	$212K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03925	+0.179%	$164K	$222K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03921	+0.089%	$984K	$787K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03923	+0.119%	$5.4M	$21.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03915	−0.077%	$5.6M	$6.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03920	+0.051%	$978K	$6.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03914	−0.102%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03922	+0.102%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.03918	0.000%	$1.8M	$3.1M	50x
Bitget SUSDT	+0.0100%	4h	0.03922	+0.102%	$1.2M	$2.8M	50x	as long as short
BingX S-USDTlong	+0.0100%	4h	0.03918	long leg	—	$6.8M	—
ApeX Omni SUSDT	+0.0100%	1h	0.03920	+0.051%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03920	+0.055%	$221K	$881K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03920	+0.051%	$268K	$131K	75x	as long as short
Backpack S_USDC_PERP	+0.0346%	1h	0.03930	+0.306%	$114K	$299K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0515%	1h	0.03927	+0.230%	$66K	$10K	10x	as long as short