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Price arb /

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−$118
spread now+0.192%7d average+0.045%fees + slippage, in and out−$133spread needed1.326%
Long on Kraken FuturesShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_USUALUSD0.01350−0.1170get 0.0146% / 1h20m 55s$110K$26K10x
ShortBingX USUAL-USDT0.013520.0100get 0.0050% / 4h1h 20m—$1.2M—

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
$19.2
Funding while held
$38.09
Slippage, 4 orders
−$112.58
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$75.29
Spread needed to break even
1.326%
Slippage from Kraken Futures: live order book, 4 min ago; BingX: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
+0.1270%
Per $10,000 a day
+$38.09
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 Kraken Futures live order book, 4 min ago21.53 bp45.5 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago7.77 bp30.5 bp −$30123.5 bp −$1,235520.8 bp −$52.1K791.8 bp −$395.9K

USUAL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.01332cheapest
Kraken Futures0.01350+1.329%
Gate0.01350+1.351%KuCoin0.01351+1.426%Variational Omni0.01351+1.435%
BingX0.01352+1.524%
Binance0.01352+1.532%MEXC0.01353+1.569%Hyperliquid0.01353+1.577%Bybit0.01354+1.667%Bitget0.01355+1.727%

USUAL on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USUAL/USDC PERP−1.312%−0.4967%1h$6K$39K5.5xas long as short
Kraken Futures PF_USUALUSDlong0.000%−0.1170%1h$110K$26K10x
Gate USUAL_USDT+0.022%+0.0100%8h$903K$261K50xas long as short
KuCoin USUALUSDTM+0.096%+0.0100%4h$285K$67K20xas long as short
Variational Omni USUAL+0.104%+0.0100%4h$9K$21—as long as short
BingX USUAL-USDTshort+0.192%+0.0100%4h—$1.2M—
Binance USUALUSDT+0.200%+0.0100%4h$2.1M$3.6M50xas long as short
MEXC USUAL_USDT+0.236%+0.0100%4h$5.9M$300K100xas long as short
Hyperliquid USUAL+0.244%+0.0100%1h$394K$234K3xas long as short
Bybit USUALUSDT+0.333%+0.0100%4h$993K$976K25xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget USUALUSDT+0.392%+0.0100%4h$823K$539K50xas long as short