Funding arb · Price arb /

IO

all IO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.066%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2172.173% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.066%, 7d avg +0.015%

Together, before fees+0.005%+$1 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 0.081% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IO-USDT	0.1510	0.0100	pay 0.0050% / 4h	20m 16s	—	$1.3M	—
Short	KuCoin IOUSDTM	0.1509	0.0100	get 0.0050% / 4h	20m 16s	$377K	$669K	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 −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.015%: −$8.09
Slippage, 4 orders: −$195.26
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$225.35
Costs to cover: 2.173%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 43 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, 11 min ago	9.96 bp	24.9 bp −$25	55.8 bp −$558	447.9 bp −$44.8K	576.6 bp −$288.3K
Sell KuCoin live order book, 43 min ago	6.60 bp	71.3 bp −$71	576.7 bp −$5,767	doesn't fit	doesn't fit

IO on 14 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 IO/USDC PERP	−0.0159%	1h	0.1515	+0.331%	$2K	$104	5.5x	as long as short
BloFin IO-USDT	+0.0087%	4h	0.1511	+0.066%	$193K	$31K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1510	−0.020%	$1.0M	$388K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1511	+0.051%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1511	+0.038%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1508	−0.119%	$1.1M	$885K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1509	−0.099%	$244K	$551K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1508	−0.132%	$1.1M	$229K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1509	−0.066%	$377K	$669K	50x
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.066%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDTlong	+0.0100%	4h	0.1510	long leg	—	$1.3M	—
Variational Omni IO	+0.0100%	4h	0.1507	−0.179%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1510	+0.018%	$5K	$171K	5x	as long as short
Kraken Futures PF_IOUSD	+1.2617%	1h	0.1512	+0.104%	$39K	$19K	10x	as long as short