Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.114%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$925as in the Funding arb table

Net, price: spread back to 7d avg − costs−$931as in the Price arb table

costs, in and out, $10k−$9229.219% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.467%+$47 · spread now −0.114%, 7d avg −0.019%

Together, before fees+0.440%+ Points / potential airdropExtended: Active · farm board+$44 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 0.095% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06723	0.0104	pay 0.0013% / 1h	58m 04s	$5K	$226K	5x
Short	KuCoin BASEDUSDTM	0.06715	0.0100	get 0.0050% / 4h	2h 58m	$566K	$109K	20x

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

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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 −0.114%Rate

Funding earned: −$0.84
Price spread: −0.114% → −0.019%: −$9.48
Slippage, 4 orders: −$904.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$932.18
Costs to cover: 9.219%
Break-even: never at this rate

Slippage from Extended: live order book, 29 min ago; KuCoin: live order book, 24 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, 29 min ago	1.34 bp	17.3 bp −$17	229.1 bp −$2,291	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	13.40 bp	403.6 bp −$404	912.6 bp −$9,126	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0074%	4h	0.06727	+0.064%	$252K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06719	−0.061%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06722	−0.016%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06711	−0.174%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06709	−0.203%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06717	−0.084%	$535K	$506K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06721	−0.025%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06715	−0.114%	$566K	$109K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06726	+0.049%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06715	−0.114%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06718	−0.075%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06728	+0.084%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06722	−0.010%	$1K	$790K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06723	long leg	$5K	$226K	5x
Orderly PERP_BASED_USDC	+0.0236%	4h	0.06718	−0.070%	$3K	$745	10x	as long as short