Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.072%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$3002.998% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.065%+$7 · spread now −0.072%, 7d avg +0.054%

Together, before fees+0.111%+$11 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 0.126% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.1740	0.0100	pay 0.0100% / 8h	2h 29m	—	$2.8M	—
Short	KuCoin ARUSDTM	4.1710	0.0100	get 0.0100% / 8h	2h 29m	$1.0M	$1.3M	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 −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.054%: −$12.59
Slippage, 4 orders: −$277.83
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$312.43
Costs to cover: 2.998%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	3.57 bp	16.2 bp −$16	35.0 bp −$350	306.0 bp −$30.6K	660.2 bp −$330.1K
Sell KuCoin live order book, 10 min ago	10.69 bp	130.0 bp −$130	928.1 bp −$9,281	doesn't fit	doesn't fit

AR on 17 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_ARUSD	−0.0920%	1h	4.1875	+0.324%	$52K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2096	+0.852%	$541K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2074	+0.800%	$3.4M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.1797	+0.136%	$37K	$464K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.1778	+0.091%	$8.2M	$52.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1760	+0.048%	$4.2M	$9.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1750	+0.024%	$2.1M	$16.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1680	−0.144%	$2.2M	$2.7M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1770	+0.072%	$5.7M	$4.3M	100x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.1710	−0.072%	$1.0M	$1.3M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.1730	−0.024%	$3.7M	$5.5M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.1740	long leg	—	$2.8M	—
Variational Omni AR	+0.0100%	8h	4.1749	+0.020%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1980	+0.575%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1768	+0.067%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1840	+0.240%	$416K	$454K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+5.989%	$2K	$5K	5.5x	as long as short