Settings8H · net · $10k
Funding arb · Price arb /

APR

all APR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0794%/8h= +86.9% APRnext payment +$3.97 per $10,000 · paid last 24h +0.169%
Price spread now: KuCoin against HTX−0.588%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.252%+$25 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. KuCoin is 0.588% cheaper against HTX than usual: you would sell low and buy high (spread −0.588% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$59 on $10k: about 2.5 days of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.252% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.252% in total (about 13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX APR-USDT0.14790.0100pay 0.0050% / 4h1h 06m$19K$38K20x
ShortKuCoin APRUSDTM0.14700.0894get 0.0447% / 4h1h 06m$2.4M$346K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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

Funding earned
$166.74
Price spread: −0.588% → 0.000%
−$58.82
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$83.92
Costs to cover
0.240%
Break-even
3.5 days
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell KuCoin live order book, 5 min ago9.17 bp173.2 bp −$173doesn't fitdoesn't fitdoesn't fit
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

APR on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin APR-USDT+0.0054%4h0.1474−0.338%$287K$112K50xas long as short
Binance APRUSDT+0.0100%4h0.1474−0.365%$6.7M$5.1M50xas long as short
Bybit APRUSDT+0.0100%4h0.1472−0.446%$1.5M$653K20xas long as short
MEXC APR_USDT+0.0100%4h0.1473−0.406%$368K$176K50xas long as short
SunX APR-USDT+0.0100%4h0.1471−0.534%$1K$1.2M20xas long as short
HTX APR-USDTlong+0.0100%4h0.1479long leg$19K$38K20x
Bitget APRUSDT+0.0172%4h0.1473−0.426%$3.9M$1.0M50xas long as short
BingX APR-USDT+0.0397%4h0.1472−0.473%$1.4Mas long as short
OKX APR-USDT-SWAP+0.0398%4h0.1473−0.406%$1.3M$2.5M20xas long as short
Aster APRUSDT+0.0699%4h0.1471−0.536%$71K$78K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin APRUSDTMshort+0.0894%4h0.1470−0.588%$2.4M$346K50x
Gate APR_USDT+0.0930%4h0.1469−0.676%$697K$213K25xas long as short