Funding arb · Price arb /

ALT

all ALT 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 0.000%

Price spread now: BingX against KuCoin0.000%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$514as in the Funding arb table

Net, price: spread back to 7d avg − costs−$510as in the Price arb table

costs, in and out, $10k−$5155.147% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.049%

Together, before fees+0.005%+$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 0.049% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007518	0.0100	pay 0.0050% / 4h	1h 04m	$149K	$21K	30x
Short	BingX ALT-USDT	0.007518	0.0100	get 0.0050% / 4h	1h 04m	—	$1.3M	—

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.049%: $4.86
Slippage, 4 orders: −$492.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$509.84
Costs to cover: 5.147%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; BingX: live order book, 6 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, 60 min ago	14.07 bp	237.9 bp −$238	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.66 bp	20.7 bp −$21	60.4 bp −$604	575.0 bp −$57.5K	836.7 bp −$418.3K

ALT on 14 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
Deribit ALT_USDC-PERPETUAL	−0.0282%	1h	0.007521	+0.040%	—	$0	25x	as long as short
Variational Omni ALT	−0.0148%	4h	0.007504	−0.180%	$4K	$12K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.822%	$815	$4K	5.5x	as long as short
Bybit ALTUSDT	+0.0051%	4h	0.007516	−0.027%	$1.2M	$1.6M	25x	as long as short
BloFin ALT-USDT	+0.0075%	4h	0.007520	+0.027%	$171K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007515	−0.040%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007521	+0.036%	$2.6M	$3.6M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007512	−0.080%	$50K	$419K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007520	+0.027%	$389K	$191K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007518	long leg	$149K	$21K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007509	−0.120%	$617K	$100K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007518	0.000%	—	$1.3M	—
Kraken Futures PF_ALTUSD	+0.0347%	1h	0.007525	+0.088%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007528	+0.133%	$14K	$3K	50x	as long as short