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

ATH

all ATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX−0.036%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$465as in the Price arb table
costs, in and out, $10k−$4594.586% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.036%, 7d avg +0.031%
Together, before fees+0.091%+$9 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 0.068% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ATH-USDT0.0054990.0100pay 0.0050% / 4h2h 41m$21.7M
ShortKuCoin ATHUSDTM0.0054970.0100get 0.0050% / 4h2h 41m$557K$77K30x

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

Funding earned
$0
Price spread: −0.036% → +0.031%
−$6.78
Slippage, 4 orders
−$436.58
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$465.35
Costs to cover
4.586%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 71 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 BingX live order book, 2 min ago7.25 bp29.6 bp −$3075.1 bp −$751589.2 bp −$58.9K879.8 bp −$439.9K
Sell KuCoin live order book, 71 min ago15.31 bp252.5 bp −$253doesn't fitdoesn't fitdoesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD−0.2744%1h0.005497−0.043%$19K$106K10xas long as short
Variational Omni ATH−0.0062%4h0.005499+0.003%$185K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005511+0.220%$11K$575xas long as short
Aster ATHUSDT+0.0100%4h0.005505+0.100%$5K$40K5xas long as short
Binance ATHUSDT+0.0100%4h0.005501+0.033%$3.3M$4.1M50xas long as short
Bybit ATHUSDT+0.0100%4h0.005484−0.273%$4.4M$2.5M25xas long as short
OKX ATH-USDT-SWAP+0.0100%4h0.005488−0.200%$700K$1.3M20xas long as short
Gate ATH_USDT+0.0100%4h0.005495−0.073%$785K$541K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005501+0.036%$8.8M$604K50xas long as short
KuCoin ATHUSDTMshort+0.0100%4h0.005497−0.036%$557K$77K30x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ATHUSDT+0.0100%4h0.005494−0.091%$1.5M$850K25xas long as short
BingX ATH-USDTlong+0.0100%4h0.005499long leg$21.7M
BloFin ATH-USDT+0.0144%4h0.005523+0.436%$170K$73K75xas long as short