Funding arb · Price arb /

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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−0.117%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$872as in the Funding arb table

Net, price: spread back to 7d avg − costs−$887as in the Price arb table

costs, in and out, $10k−$8768.762% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.117%, 7d avg −0.005%

Together, before fees+0.174%+$17 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 0.111% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06860	0.0100	pay 0.0050% / 4h	3h 49m	$585K	$90K	20x
Short	BingX BASED-USDT	0.06852	0.0100	get 0.0050% / 4h	3h 49m	—	$1.7M	—

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 −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.005%: −$11.11
Slippage, 4 orders: −$854.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$887.3
Costs to cover: 8.762%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; BingX: live order book, 13 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, 45 min ago	31.46 bp	442.1 bp −$442	1021.0 bp −$10.2K	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	5.83 bp	26.1 bp −$26	87.7 bp −$877	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
BloFin BASED-USDT	+0.0099%	4h	0.06858	−0.029%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06860	+0.006%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06855	−0.073%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06845	−0.219%	$2.1M	$679K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06846	−0.204%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06851	−0.131%	$535K	$573K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06857	−0.044%	$4.9M	$464K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06860	long leg	$585K	$90K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06864	+0.058%	$1.3M	$313K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06852	−0.117%	—	$1.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06846	−0.206%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06865	+0.074%	$96K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06855	−0.073%	$1K	$890K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06855	−0.075%	$4K	$257K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0320%	4h	0.06855	−0.073%	$3K	$664	10x	as long as short