Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.117%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1851.846% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.117%, 7d avg −0.047%

Together, before fees−0.277%−$28 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: Binance is 0.164% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 2ZUSDTM	0.05235	0.0100	pay 0.0050% / 4h	3h 31m	$179K	$55K	50x
Short	Binance 2ZUSDT	0.05241	0.0100	get 0.0050% / 4h	3h 31m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.047%: $16.39
Slippage, 4 orders: −$162.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$168.21
Costs to cover: 1.846%
Break-even: never at this rate

Slippage from KuCoin: live order book, 39 min ago; Binance: live order book, 3 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, 39 min ago	12.35 bp	57.8 bp −$58	685.1 bp −$6,851	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.87 bp	26.2 bp −$26	132.7 bp −$1,327	doesn't fit	doesn't fit

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0663%	1h	0.05238	+0.059%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.869%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05245	+0.193%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05245	+0.201%	$677K	$353K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05237	+0.048%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05234	−0.017%	$75K	$15K	3x	as long as short
Binance 2ZUSDTshort	+0.0100%	4h	0.05241	+0.117%	$2.1M	$2.2M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05242	+0.136%	$725K	$964K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05244	+0.174%	$450K	$714K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05235	+0.002%	$91K	$61K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05240	+0.097%	$328K	$132K	50x	as long as short
KuCoin 2ZUSDTMlong	+0.0100%	4h	0.05235	long leg	$179K	$55K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05242	+0.136%	$162K	$625K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05242	+0.136%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05243	+0.156%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05245	+0.193%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0567%	1h	0.05248	+0.251%	$5K	$3K	10x	as long as short