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

BANK

all BANK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.231%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$344as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3503.503% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 7 days−0.238%−$24 · spread now +0.231%, 7d avg −0.021%
Together, before fees−0.172%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.252% dearer against KuCoin than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BANKUSDTM0.034590.0100pay 0.0050% / 4h3h 44m$1.2M$164K50x
ShortBinance BANKUSDT0.034670.0118get 0.0059% / 4h3h 44m$7.6M$30.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$3.77
Price spread: +0.231% → −0.021%
$25.23
Slippage, 4 orders
−$328.32
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$321.31
Costs to cover
3.503%
Break-even
603.3 days
Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 12 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 KuCoin live order book, 6 min ago14.39 bp161.3 bp −$161799.8 bp −$7,998doesn't fitdoesn't fit
Sell Binance live order book, 12 min ago1.43 bp11.8 bp −$1260.7 bp −$607doesn't fitdoesn't fit

BANK on 11 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
Aster BANKUSDT+0.0100%4h0.03464+0.143%$54K$97K5xas long as short
Gate BANK_USDT+0.0100%4h0.03465+0.173%$720K$1.3M10xas long as short
KuCoin BANKUSDTMlong+0.0100%4h0.03459long leg$1.2M$164K50x
HTX BANK-USDT+0.0100%4h0.034590.000%$40K$227K20xas long as short
edgeX BANKUSDC+0.0116%4h0.03473+0.396%$1K$246K5xas long as short
Binance BANKUSDTshort+0.0118%4h0.03467+0.231%$7.6M$30.8M50x
MEXC BANK_USDT+0.0118%4h0.03467+0.231%$2.5M$529K20xas long as short
BloFin BANK-USDT+0.0359%4h0.03475+0.463%$448K$77K50xas long as short
Bitget BANKUSDT+0.0646%4h0.03469+0.289%$2.8M$3.5M25xas long as short
Bybit BANKUSDT+0.1808%4h0.03469+0.289%$2.8M$6.4M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BANK-USDT+0.1896%4h0.03467+0.231%$6.9Mas long as short