Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.047%

Price spread now: KuCoin against SoDEX−0.036%53s7-day average +0.027% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.499% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 3 days (all we have)−1.123%−$112 · spread now −0.036%, 7d avg +0.027%

Together, before fees−1.042%−$104 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.063% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.027%). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.081% in total) that is about 2.4 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ARB-USD	0.2217	−0.0130	get 0.0016% / 1h	3m 21s	$4K	$2.9M	5x
Short	KuCoin ARBUSDTM	0.2217	0.0100	get 0.0100% / 8h	2h 03m	$20.4M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $48.34
Price spread: −0.036% → +0.027%: −$6.29
Slippage, 4 orders: −$29.88
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.83
Costs to cover: 0.499%
Break-even: 8.1 days

Slippage from SoDEX: live order book, 1 min ago; KuCoin: 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 SoDEX live order book, 1 min ago	0.23 bp	5.4 bp −$5	17.7 bp −$177	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.90 bp	18.0 bp −$18	41.1 bp −$411	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	−0.1675%	1h	0.2202	−0.690%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0280%	1h	0.2215	−0.126%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0154%	8h	0.2225	+0.345%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USDlong	−0.0130%	1h	0.2217	long leg	$4K	$2.9M	5x
Bybit ARBUSDT	−0.0130%	8h	0.2215	−0.104%	$56.9M	$137.2M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0110%	8h	0.2216	−0.072%	$22.1M	$163.1M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2215	−0.099%	$36.6M	$64.2M	200x	as long as short
Polymarket Perps ARB-USD	−0.0073%	1h	0.2215	−0.104%	$76K	$2.2M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2220	+0.122%	$1.1M	$5.3M	50x	as long as short
Binance ARBUSDT	−0.0026%	8h	0.2216	−0.063%	$63.1M	$325.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0024%	1h	0.2214	−0.143%	$353K	$2.4M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0022%	8h	0.2215	−0.104%	$11K	$390K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	−0.136%	$65K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2218	+0.023%	$36K	$22K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2217	−0.025%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0005%	8h	0.2216	−0.072%	$5.5M	$21.7M	60x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2217	−0.010%	$145K	$12K	3x	as long as short
BingX ARB-USDT	+0.0089%	8h	0.2216	−0.072%	—	$53.9M	—	as long as short
Bitget ARBUSDT	+0.0090%	8h	0.2216	−0.059%	$20.7M	$38.2M	50x	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2213	−0.212%	$3.0M	$3.2M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	−0.099%	$1.3M	$7.8M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2217	0.000%	$39.5M	$52.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2214	−0.156%	$687K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	−0.095%	$44K	$200K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2217	−0.036%	$20.4M	$16.9M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.220%	$36K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2209	−0.352%	$469K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2207	−0.465%	$119K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2219	+0.077%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2218	+0.014%	$273K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2216	−0.059%	$5.2M	$13.7M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0153% / S −0.0018%	1h	0.2217	−0.004%	$840K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.167%	$504K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2215	−0.114%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0538%	1h	0.2223	+0.239%	$1.1M	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2217	−0.021%	$501K	$2.8M	10x	as long as short