Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: KuCoin against BingX+0.365%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$838as in the Funding arb table

Net, price: spread back to 7d avg − costs−$811as in the Price arb table

costs, in and out, $10k−$8378.373% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.365%, 7d avg +0.100%

Together, before fees−0.212%−$21 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 0.265% dearer against BingX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02468	0.0100	pay 0.0050% / 4h	3h 35m	—	$6.6M	—
Short	KuCoin STABLEUSDTM	0.02477	0.0100	get 0.0050% / 4h	3h 35m	$185K	$27K	30x

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 +0.365%Rate

Funding earned: $0
Price spread: +0.365% → +0.100%: $26.52
Slippage, 4 orders: −$815.31
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$810.8
Costs to cover: 8.373%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; KuCoin: live order book, 55 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, 16 min ago	6.10 bp	28.3 bp −$28	81.0 bp −$810	576.6 bp −$57.7K	1047.4 bp −$523.7K
Sell KuCoin live order book, 55 min ago	14.32 bp	233.3 bp −$233	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02481	+0.539%	$114K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02467	−0.032%	$868K	$165K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02466	−0.080%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02467	−0.061%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02470	+0.081%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02468	0.000%	$211K	$449K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02469	+0.041%	$178K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02468	0.000%	$597K	$159K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02477	+0.365%	$185K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02469	+0.041%	$284K	$89K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTlong	+0.0100%	4h	0.02468	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02470	+0.065%	$145K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02468	−0.008%	$1K	$954K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02466	−0.068%	$12K	$211K	10x	as long as short
BloFin STABLE-USDT	+0.0136%	4h	0.02466	−0.081%	$114K	$11K	75x	as long as short