Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.050%

Price spread now: SoDEX against KuCoin+0.126%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+2.307%+$231 · spread now +0.126%, 7d avg −0.024%

Together, before fees+2.206%+$221 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.150% dearer against KuCoin than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of −0.024%): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

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 09m	$19.6M	$15.3M	75x
Short	SoDEX ARB-USD	0.2225	−0.0080	pay 0.0010% / 1h	9m 38s	$10K	$2.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$37.73
Price spread: +0.126% → −0.024%: $15
Slippage, 4 orders: −$22.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$65.4
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; SoDEX: live order book, 4 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, 9 min ago	1.12 bp	16.4 bp −$16	37.3 bp −$373	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.22 bp	5.4 bp −$5	20.0 bp −$200	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	0.2213	−0.436%	$40K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0154%	1h	0.2226	+0.166%	$25K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2221	−0.076%	$22.4M	$150.0M	50x	as long as short
MEXC ARB_USDT	−0.0141%	8h	0.2221	−0.090%	$38.2M	$59.4M	200x	as long as short
Variational Omni ARB	−0.0140%	8h	0.2223	+0.014%	$1.9M	$2.9M	—	as long as short
Gate ARB_USDT	−0.0114%	8h	0.2222	−0.031%	$5.4M	$19.2M	60x	as long as short
01 Exchange ARBUSD	−0.0112%	1h	0.2222	−0.036%	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0110%	1h	0.2228	+0.256%	$88K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2226	+0.170%	$1.1M	$4.4M	50x	as long as short
SoDEX ARB-USDshort	−0.0080%	1h	0.2225	+0.126%	$10K	$2.3M	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARBUSDT	−0.0075%	8h	0.2222	−0.045%	$56.6M	$125.9M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0075%	8h	0.2227	+0.193%	$12K	$387K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2222	−0.022%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0013%	1h	0.2227	+0.208%	$11K	—	150x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2221	−0.093%	$353K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0026%	8h	0.2221	−0.085%	$64.9M	$306.7M	75x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2226	+0.148%	$5.0M	$12.9M	50x	as long as short
Bitget ARBUSDT	+0.0073%	8h	0.2221	−0.076%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0078%	8h	0.2220	−0.135%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2226	+0.160%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2228	+0.234%	$3.1M	$2.6M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2222	−0.049%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2223	+0.022%	$38.5M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2225	+0.109%	$651K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2221	−0.069%	$42K	$169K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2223	long leg	$19.6M	$15.3M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2227	+0.173%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2229	+0.283%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2227	+0.193%	$120K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2231	+0.373%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2229	+0.283%	$303K	$939K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0224%	1h	0.2229	+0.283%	$499K	$2.0M	50x	as long as short
RISEx ARB/USDC	+0.0232%	1h	0.2223	+0.031%	$485K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2227	+0.191%	$832K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2225	+0.096%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0569%	1h	0.2228	+0.234%	$1.0M	$2.8M	20x	as long as short