Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.017%

Price spread now: KuCoin against Extended+0.049%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2332.329% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now +0.049%, 7d avg −0.013%

Together, before fees+0.365%+ Points / potential airdropExtended: Active · farm board+$36 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 0.062% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5368	0.0104	pay 0.0013% / 1h	39m 21s	$37K	$239K	10x
Short	KuCoin ARUSDTM	4.5390	0.0100	get 0.0100% / 8h	5h 39m	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$0.84
Price spread: +0.049% → −0.013%: $6.18
Slippage, 4 orders: −$215.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$227.6
Costs to cover: 2.329%
Break-even: never at this rate

Slippage from Extended: live order book, 23 min ago; KuCoin: live order book, 1 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 Extended live order book, 23 min ago	5.60 bp	26.1 bp −$26	173.9 bp −$1,739	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.51 bp	88.3 bp −$88	465.4 bp −$4,654	doesn't fit	doesn't fit

AR 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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5392	+0.053%	$583K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0094%	8h	4.5340	−0.062%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.172%	$548	$3K	5.5x	as long as short
MEXC AR_USDT	+0.0098%	8h	4.5400	+0.071%	$6.6M	$4.3M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5459	+0.201%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5428	+0.133%	$19K	$500K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5380	+0.027%	$9.1M	$51.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5370	+0.004%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5400	+0.071%	$2.5M	$1.9M	50x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.5390	+0.049%	$1.2M	$1.2M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.5370	+0.004%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5410	+0.093%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5401	+0.073%	$236K	$258K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5490	+0.269%	$20K	$725K	50x	as long as short
Extended AR-USDlong	+0.0104%	1h	4.5368	long leg	$37K	$239K	10x
BloFin AR-USDT	+0.0220%	8h	4.5420	+0.115%	$432K	$498K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1923%	1h	4.5472	+0.229%	$56K	$149K	20x	as long as short