Funding arb · Price arb /

CC

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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+0.111%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$470as in the Funding arb table

Net, price: spread back to 7d avg − costs−$463as in the Price arb table

costs, in and out, $10k−$4714.707% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.111%, 7d avg +0.037%

Together, before fees−0.123%−$12 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 0.074% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1175	0.0100	pay 0.0050% / 4h	1h 10m	—	$6.6M	—
Short	KuCoin CCUSDTM	0.1177	0.0100	get 0.0050% / 4h	1h 10m	$485K	$122K	50x

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 +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.037%: $7.36
Slippage, 4 orders: −$448.74
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$463.38
Costs to cover: 4.707%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: 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 BingX live order book, 7 min ago	5.51 bp	21.3 bp −$21	71.7 bp −$717	445.7 bp −$44.6K	1157.4 bp −$578.7K
Sell KuCoin live order book, 13 min ago	22.44 bp	189.4 bp −$189	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.4093%	1h	0.1180	+0.400%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0112%	4h	0.1175	−0.034%	$1.7M	$324K	100x	as long as short
Bybit CCUSDT	−0.0109%	4h	0.1175	0.000%	$10.7M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1176	+0.032%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1175	−0.042%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1175	−0.009%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1176	+0.085%	$2.6M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1177	+0.119%	$364K	$218K	50x	as long as short
KuCoin CCUSDTMshort	+0.0100%	4h	0.1177	+0.111%	$485K	$122K	50x
Bitget CCUSDT	+0.0100%	4h	0.1176	+0.094%	$922K	$787K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTlong	+0.0100%	4h	0.1175	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1175	0.000%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1175	−0.028%	$598K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	+0.255%	$87K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1175	−0.043%	$6K	$36K	6.7x	as long as short
Hyperliquid CC	+0.0278%	1h	0.1178	+0.204%	$5.5M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1174	−0.145%	$595K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1176	+0.063%	$44K	—	50x	as long as short
Lighter CC	+0.1040%	1h	0.1181	+0.519%	$244K	$160K	5x	as long as short