Funding arb · Price arb /

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Swap Backtest

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−0.220%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$933as in the Funding arb table

Net, price: spread back to 7d avg − costs−$951as in the Price arb table

costs, in and out, $10k−$9299.287% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.220%, 7d avg +0.003%

Together, before fees+0.105%+$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 0.223% cheaper against BingX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06822	0.0100	pay 0.0050% / 4h	3h 58m	—	$1.7M	—
Short	KuCoin BASEDUSDTM	0.06807	0.0100	get 0.0050% / 4h	3h 58m	$570K	$61K	20x

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 −0.220%Rate

Funding earned: $0
Price spread: −0.220% → +0.003%: −$22.3
Slippage, 4 orders: −$906.65
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$950.95
Costs to cover: 9.287%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 64 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, 8 min ago	4.41 bp	20.7 bp −$21	78.7 bp −$787	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	30.06 bp	444.9 bp −$445	965.6 bp −$9,656	doesn't fit	doesn't fit

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06828	+0.088%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06813	−0.132%	$2.1M	$595K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06819	−0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06816	−0.088%	$542K	$525K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06828	+0.088%	$4.8M	$642K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06807	−0.220%	$570K	$61K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.044%	$1.3M	$370K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06822	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06812	−0.153%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06807	−0.224%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06814	−0.117%	$1K	$832K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06827	+0.067%	$5K	$223K	5x	as long as short
BloFin BASED-USDT	+0.0119%	4h	0.06824	+0.029%	$250K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0290%	4h	0.06820	−0.030%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06829	+0.103%	$3K	$652	10x	as long as short