Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.020%

Price spread now: Extended against KuCoin−0.064%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 7 days−0.050%−$5 · spread now −0.064%, 7d avg −0.113%

Together, before fees−0.189%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.049% dearer against KuCoin than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.113%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2223	0.0100	pay 0.0100% / 8h	5h 33m	$19.6M	$15.5M	75x
Short	Extended ARB-USD	0.2221	0.0008	get 0.0001% / 1h	33m 57s	$353K	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$19.32
Price spread: −0.064% → −0.113%: $4.9
Slippage, 4 orders: −$41.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$73.2
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	1.58 bp	17.9 bp −$18	46.3 bp −$463	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	9.04 bp	11.5 bp −$12	71.9 bp −$719	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1577%	1h	0.2230	+0.328%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2222	−0.022%	$1.9M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2220	−0.121%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0139%	1h	0.2221	−0.072%	$10K	$2.4M	5x	as long as short
MEXC ARB_USDT	−0.0132%	8h	0.2222	−0.031%	$38.3M	$59.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0131%	8h	0.2221	−0.085%	$22.3M	$151.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2222	−0.025%	$1.1M	$4.6M	50x	as long as short
Bybit ARBUSDT	−0.0096%	8h	0.2220	−0.099%	$56.4M	$126.4M	50x	as long as short
Polymarket Perps ARB-USD	−0.0096%	1h	0.2220	−0.112%	$96K	$2.1M	10x	as long as short
Gate ARB_USDT	−0.0090%	8h	0.2223	−0.009%	$5.4M	$19.1M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0072%	8h	0.2222	−0.031%	$12K	$385K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2219	−0.173%	$66K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2222	−0.027%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2221	−0.069%	$11K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2222	−0.012%	$64.7M	$308.5M	75x	as long as short
Extended ARB-USDshort	+0.0008%	1h	0.2221	−0.064%	$353K	$2.5M	25x
BloFin ARB-USDT	+0.0028%	8h	0.2223	0.000%	$3.1M	$2.7M	75x	as long as short
ApeX Omni ARBUSDT	+0.0044%	1h	0.2220	−0.121%	$120K	$283K	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2222	−0.049%	$141K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0093%	8h	0.2222	−0.031%	$21.2M	$34.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2221	−0.054%	$1.2M	$6.4M	15x	as long as short
BingX ARB-USDC	+0.0097%	8h	0.2221	−0.058%	—	$6.5M	—	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2223	+0.009%	$38.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2222	−0.045%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	−0.197%	$42K	$178K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2223	long leg	$19.6M	$15.5M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2217	−0.241%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	−0.173%	$477K	$3.6M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2223	+0.013%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2221	−0.076%	$298K	$946K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2221	−0.076%	$5.0M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2226	+0.148%	$508K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2221	−0.060%	$491K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2222	−0.045%	$828K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2219	−0.150%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0556%	1h	0.2225	+0.108%	$1.0M	$2.8M	20x	as long as short