Funding arb · Price arb /

API3

all API3 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.038%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$512as in the Funding arb table

Net, price: spread back to 7d avg − costs−$500as in the Price arb table

costs, in and out, $10k−$5025.022% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.038%, 7d avg +0.012%

Together, before fees−0.197%−$20 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 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance API3USDT	0.2621	0.0100	pay 0.0050% / 4h	1h 17m	$2.6M	$2.0M	50x
Short	KuCoin API3USDTM	0.2622	0.0100	get 0.0050% / 4h	1h 17m	$1.0M	$259K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.012%: $2.65
Slippage, 4 orders: −$480.21
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$499.56
Costs to cover: 5.022%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 7 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 Binance live order book, 2 min ago	1.91 bp	32.1 bp −$32	197.2 bp −$1,972	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	9.52 bp	197.5 bp −$198	doesn't fit	doesn't fit	doesn't fit

API3 on 12 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
Aster API3USDT	+0.0100%	4h	0.2621	−0.012%	$2K	$3K	5x	as long as short
Binance API3USDTlong	+0.0100%	4h	0.2621	long leg	$2.6M	$2.0M	50x
Bybit API3USDT	+0.0100%	4h	0.2625	+0.153%	$989K	$408K	25x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2623	+0.076%	$651K	$510K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2623	+0.076%	$127K	$106K	50x	as long as short
MEXC API3_USDT	+0.0100%	4h	0.2621	0.000%	$483K	$266K	50x	as long as short
KuCoin API3USDTMshort	+0.0100%	4h	0.2622	+0.038%	$1.0M	$259K	30x
Bitget API3USDT	+0.0100%	4h	0.2622	+0.038%	$656K	$203K	20x	as long as short
BingX API3-USDT	+0.0100%	4h	0.2622	+0.038%	—	$6.7M	—	as long as short
Variational Omni API3	+0.0100%	4h	0.2631	+0.363%	$6K	$1	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin API3-USDT	+0.0118%	4h	0.2623	+0.076%	$136K	$28K	50x	as long as short
Kraken Futures PF_API3USD	+0.0548%	1h	0.2635	+0.546%	$13K	$3K	10x	as long as short