Funding arb · Price arb /

S

all S 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 +0.013%

Price spread now: BingX against KuCoin−0.051%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2322.324% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.190%+$19 · spread now −0.051%, 7d avg +0.063%

Together, before fees+0.235%+$23 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 0.114% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.03921	0.0100	pay 0.0050% / 4h	18m 50s	$1.8M	$2.9M	50x
Short	BingX S-USDT	0.03919	0.0100	get 0.0050% / 4h	18m 50s	—	$6.7M	—

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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.063%: −$11.36
Slippage, 4 orders: −$210.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$243.72
Costs to cover: 2.324%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago	3.84 bp	79.2 bp −$79	290.4 bp −$2,904	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	3.84 bp	18.0 bp −$18	58.2 bp −$582	327.5 bp −$32.8K	721.1 bp −$360.6K

S on 25 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
01 Exchange SUSD	−0.5824%	1h	0.03840	−2.066%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2127%	1h	0.03921	+0.012%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.423%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0976%	4h	0.03904	−0.434%	$607K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0203% / S +0.0196%	1h	0.03927	+0.153%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03918	−0.065%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.03927	+0.153%	$66K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03926	+0.135%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0031%	4h	0.03923	+0.051%	$100K	$339K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.565%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03924	+0.077%	$164K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03919	−0.046%	$982K	$678K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03930	+0.228%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03919	−0.051%	$5.4M	$17.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03914	−0.179%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03919	−0.051%	$979K	$4.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03918	−0.077%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03918	−0.077%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.03921	long leg	$1.8M	$2.9M	50x
Bitget SUSDT	+0.0100%	4h	0.03920	−0.026%	$1.2M	$2.5M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03919	−0.051%	—	$6.7M	—
Backpack S_USDC_PERP	+0.0100%	1h	0.03920	−0.026%	$114K	$313K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	−0.281%	$25K	$452K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03918	−0.089%	$220K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03916	−0.128%	$267K	$125K	75x	as long as short