data as of
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USUAL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$923
spread now−0.052%7d average+0.025%fees + slippage, in and out−$915spread needed9.150%
Long on BingXShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USUAL-USDT0.013550.0100pay 0.0050% / 4h3h 49m—$1.2M—
ShortKuCoin USUALUSDTM0.013540.0100get 0.0050% / 4h3h 49m$280K$69K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.17
Funding while held
$0
Slippage, 4 orders
−$892.97
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$920.14
Spread needed to break even
9.150%
Slippage from BingX: live order book, 1 min ago; KuCoin: live order book, 69 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 1 min ago5.90 bp19.9 bp −$20120.7 bp −$1,207481.7 bp −$48.2K680.4 bp −$340.2K
Sell KuCoin live order book, 69 min ago29.54 bp557.5 bp −$558doesn't fitdoesn't fitdoesn't fit

USUAL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.01334cheapestKraken Futures0.01354+1.496%
KuCoin0.01354+1.499%
BingX0.01355+1.552%
MEXC0.01355+1.559%Binance0.01355+1.562%Hyperliquid0.01355+1.574%Bitget0.01355+1.574%Variational Omni0.01355+1.575%Gate0.01356+1.649%Bybit0.01358+1.777%

USUAL on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USUAL/USDC PERP−1.528%−0.4165%1h$6K$56K5.5xas long as short
Kraken Futures PF_USUALUSD−0.054%−0.1056%1h$110K$35K10xas long as short
KuCoin USUALUSDTMshort−0.052%+0.0100%4h$280K$69K20x
BingX USUAL-USDTlong0.000%+0.0100%4h—$1.2M—
MEXC USUAL_USDT+0.007%+0.0100%4h$5.9M$317K100xas long as short
Binance USUALUSDT+0.010%+0.0100%4h$2.1M$3.9M50xas long as short
Hyperliquid USUAL+0.022%+0.0100%1h$387K$243K3xas long as short
Bitget USUALUSDT+0.022%+0.0100%4h$824K$570K50xas long as short
Variational Omni USUAL+0.023%+0.0100%4h$9K$8K—as long as short
Gate USUAL_USDT+0.096%+0.0100%8h$919K$253K50xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit USUALUSDT+0.221%+0.0100%4h$1.0M$1.0M25xas long as short