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

F

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SwapBacktest
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 +0.005%
Price spread now: BingX against KuCoin−0.136%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2322.317% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.948%+$95 on $10k
Price spread, last 7 days+0.177%+$18 · spread now −0.136%, 7d avg −0.017%
Together, before fees+1.126%+$113 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 0.119% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin FUSDTM0.0036760.0100pay 0.0050% / 4h1h 53m$601K$987K30x
ShortBingX F-USDT0.0036710.0100get 0.0050% / 4h1h 53m$6.6M

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

Funding earned
$0
Price spread: −0.136% → −0.017%
−$11.87
Slippage, 4 orders
−$209.66
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$243.53
Costs to cover
2.317%
Break-even
never at this rate
Slippage from KuCoin: live order book, 24 min ago; BingX: live order book, 11 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, 24 min ago1.36 bp85.3 bp −$85doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 11 min ago2.72 bp19.3 bp −$1959.8 bp −$598850.0 bp −$85.0K1218.3 bp −$609.1K

F on 10 exchanges

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 FUSDT+0.0100%4h0.003682+0.177%$15K$26K5xas long as short
Binance FUSDT+0.0100%4h0.003675−0.032%$3.7M$5.4M50xas long as short
Bybit FUSDT+0.0100%4h0.003672−0.109%$2.3M$1.8M25xas long as short
OKX F-USDT-SWAP+0.0100%4h0.003670−0.163%$767K$2.0M20xas long as short
Gate F_USDT+0.0100%8h0.003673−0.082%$134K$791K25xas long as short
MEXC F_USDT+0.0100%4h0.003674−0.054%$607K$155K50xas long as short
KuCoin FUSDTMlong+0.0100%4h0.003676long leg$601K$987K30x
Bitget FUSDT+0.0100%4h0.003675−0.027%$464K$601K50xas long as short
BingX F-USDTshort+0.0100%4h0.003671−0.136%$6.6M
Variational Omni F+0.0100%4h0.003670−0.175%$642$262as long as short