Funding arb · Price arb /

AXL

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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 Binance+0.115%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$871as in the Funding arb table

Net, price: spread back to 7d avg − costs−$839as in the Price arb table

costs, in and out, $10k−$8438.425% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.115%, 7d avg +0.079%

Together, before fees−0.161%−$16 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 0.036% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AXLUSDT	0.05232	0.0100	pay 0.0050% / 4h	2h 06m	$1.8M	$3.3M	50x
Short	KuCoin AXLUSDTM	0.05238	0.0100	get 0.0050% / 4h	2h 06m	$439K	$82K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.079%: $3.6
Slippage, 4 orders: −$820.54
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$838.94
Costs to cover: 8.425%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 52 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 Binance live order book, 14 min ago	1.93 bp	24.0 bp −$24	124.3 bp −$1,243	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	10.54 bp	412.7 bp −$413	doesn't fit	doesn't fit	doesn't fit

AXL on 9 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
BingX AXL-USDT	+0.0070%	4h	0.05234	+0.038%	—	$2.3M	—	as long as short
BloFin AXL-USDT	+0.0072%	4h	0.05232	0.000%	$117K	$10K	50x	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05232	+0.002%	$34K	$7K	5x	as long as short
Binance AXLUSDTlong	+0.0100%	4h	0.05232	long leg	$1.8M	$3.3M	50x
Bybit AXLUSDT	+0.0100%	4h	0.05236	+0.076%	$1.5M	$1.4M	25x	as long as short
MEXC AXL_USDT	+0.0100%	4h	0.05232	0.000%	$325K	$165K	50x	as long as short
KuCoin AXLUSDTMshort	+0.0100%	4h	0.05238	+0.115%	$439K	$82K	30x
Bitget AXLUSDT	+0.0100%	4h	0.05233	+0.019%	$570K	$296K	50x	as long as short
Variational Omni AXL	+0.0100%	4h	0.05215	−0.323%	$6K	$23K	—	as long as short