Funding arb · Price arb /

BANANAS31

all BANANAS31 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.025%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$554as in the Funding arb table

Net, price: spread back to 7d avg − costs−$560as in the Price arb table

costs, in and out, $10k−$5555.552% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.025%, 7d avg +0.024%

Together, before fees+0.245%+$24 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% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BANANAS31USDTM	0.007974	0.0100	pay 0.0050% / 4h	3h 36m	$143K	$18K	25x
Short	BingX BANANAS31-USDT	0.007972	0.0100	get 0.0050% / 4h	3h 36m	—	$2.3M	—

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 −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.024%: −$4.94
Slippage, 4 orders: −$533.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$560.09
Costs to cover: 5.552%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; BingX: live order book, 12 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, 54 min ago	23.02 bp	235.2 bp −$235	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	6.89 bp	37.4 bp −$37	100.7 bp −$1,007	794.9 bp −$79.5K	1043.3 bp −$521.7K

BANANAS31 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
Aster BANANAS31USDT	+0.0100%	4h	0.007975	+0.012%	$18K	$4K	5x	as long as short
Binance BANANAS31USDT	+0.0100%	4h	0.007967	−0.093%	$5.9M	$1.9M	25x	as long as short
Bybit BANANAS31USDT	+0.0100%	4h	0.007978	+0.050%	$428K	$166K	20x	as long as short
Gate BANANAS31_USDT	+0.0100%	4h	0.007971	−0.038%	$259K	$20K	20x	as long as short
MEXC BANANAS31_USDT	+0.0100%	4h	0.007968	−0.075%	$8.3M	$164K	100x	as long as short
KuCoin BANANAS31USDTMlong	+0.0100%	4h	0.007974	long leg	$143K	$18K	25x
Bitget BANANAS31USDT	+0.0100%	4h	0.007971	−0.038%	$366K	$172K	25x	as long as short
BingX BANANAS31-USDTshort	+0.0100%	4h	0.007972	−0.025%	—	$2.3M	—
Variational Omni BANANAS31	+0.0100%	4h	0.007967	−0.085%	$7K	$7K	—	as long as short