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

ONE

all ONE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.2912%/8h= +318.9% APRnext payment +$3.64 per $10,000 · paid last 24h +2.815%
Price spread now: BingX against KuCoin−3.590%7-day average −0.637% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1,500as in the Funding arb table
Net, price: spread back to 7d avg − costs−$949as in the Price arb table
costs, in and out, $10k−$6536.533% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+21.538%+$2,154 on $10k
Price spread, last 7 days+6.304%+$630 · spread now −3.590%, 7d avg −0.637%
Together, before fees+27.841%+$2,784 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 2.953% cheaper against KuCoin than usual: you would sell low and buy high (spread −3.590% now, against its 7-day average of −0.637%). If the spread goes back, that is −$295 on $10k: about 3.4 days of funding at the current rate (+$87 a day). At the pace of the last 7 days (+21.538% in total) that is about 23 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ONEUSDTM0.003980−0.2920get 0.0365% / 1h2m 05s$3.7M$11.9M30x
ShortBingX ONE-USDT0.003837−0.0008pay 0.0001% / 1h2m 05s$5.5M

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
$611.52
Price spread: −3.590% → −0.637%
−$295.32
Slippage, 4 orders
−$631.28
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$337.08
Costs to cover
6.533%
Break-even
10.9 days
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 3 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, 6 min ago6.36 bp374.0 bp −$374doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago5.44 bp16.8 bp −$1749.9 bp −$499536.9 bp −$53.7Kdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAP−5.7694%1h0.005423+36.266%$6.6M$235.1M10xas long as short
KuCoin ONEUSDTMlong−0.2920%1h0.003980long leg$3.7M$11.9M30x
Bitget ONEUSDT−0.1248%1h0.003857−3.103%$1.8M$30.2M20xas long as short
Variational Omni ONE−0.0822%1h0.003831−3.742%$94K$43Kas long as short
BloFin ONE-USDT−0.0480%1h0.003836−3.618%$772K$2.0M50xas long as short
Aster ONEUSDT−0.0345%1h0.003831−3.756%$2.0M$5.8M5xas long as short
Gate ONE_USDT−0.0213%8h0.003835−3.643%$1.7M$15.2M20xas long as short
Binance ONEUSDT−0.0120%1h0.003825−3.888%$13.3M$328.7M50xas long as short
MEXC ONE_USDT−0.0120%1h0.003834−3.656%$11.4M$15.0M20xas long as short
BingX ONE-USDTshort−0.0008%1h0.003837−3.590%$5.5M