Funding arb · Price arb /

FLUX

all FLUX markets

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: Bitget against KuCoin+0.064%7-day average −0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,094as in the Price arb table

costs, in and out, $10k−$1,11211.116% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.064%, 7d avg −0.116%

Together, before fees−0.107%−$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: Bitget is 0.180% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FLUXUSDTM	0.06236	0.0100	pay 0.0050% / 4h	1h 52m	$206K	$52K	30x
Short	Bitget FLUXUSDT	0.06240	0.0100	get 0.0050% / 4h	1h 52m	$288K	$134K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.116%: $18.01
Slippage, 4 orders: −$1,087.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,093.63
Costs to cover: 11.116%
Break-even: never at this rate

Slippage from KuCoin: live order book, 42 min ago; Bitget: live order book, 2 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, 42 min ago	21.65 bp	408.1 bp −$408	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	13.63 bp	50.1 bp −$50	521.3 bp −$5,213	doesn't fit	doesn't fit

FLUX on 10 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
Kraken Futures PF_FLUXUSD	−0.2019%	1h	0.06241	+0.077%	$6K	$249	10x	as long as short
Aster FLUXUSDT	−0.0618%	4h	0.06265	+0.467%	$39K	$409	5x	as long as short
Gate FLUX_USDT	+0.0030%	4h	0.06254	+0.289%	$46K	$23K	20x	as long as short
Binance FLUXUSDT	+0.0100%	4h	0.06237	+0.016%	$1.2M	$1.4M	50x	as long as short
Bybit FLUXUSDT	+0.0100%	4h	0.06240	+0.064%	$285K	$253K	20x	as long as short
MEXC FLUX_USDT	+0.0100%	4h	0.06236	0.000%	$4.8M	$133K	100x	as long as short
KuCoin FLUXUSDTMlong	+0.0100%	4h	0.06236	long leg	$206K	$52K	30x
Bitget FLUXUSDTshort	+0.0100%	4h	0.06240	+0.064%	$288K	$134K	50x
BingX FLUX-USDT	+0.0100%	4h	0.06237	+0.016%	—	$1.3M	—	as long as short
Variational Omni FLUX	+0.0100%	4h	0.06273	+0.593%	$6K	$40	—	as long as short