Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.015%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$942as in the Funding arb table

Net, price: spread back to 7d avg − costs−$950as in the Price arb table

costs, in and out, $10k−$9459.453% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.015%, 7d avg +0.058%

Together, before fees−0.270%−$27 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: Binance is 0.043% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06833	0.0100	pay 0.0050% / 4h	1h 44m	$566K	$73K	20x
Short	Binance BASEDUSDT	0.06834	0.0100	get 0.0050% / 4h	1h 44m	$4.2M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.058%: −$4.3
Slippage, 4 orders: −$923.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$949.63
Costs to cover: 9.453%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Binance: live order book, 7 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, 53 min ago	19.81 bp	502.3 bp −$502	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.19 bp	35.3 bp −$35	114.7 bp −$1,147	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
Binance BASEDUSDTshort	+0.0100%	4h	0.06834	+0.015%	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06822	−0.161%	$2.1M	$661K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06832	−0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06831	−0.029%	$534K	$573K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06840	+0.102%	$4.9M	$611K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06833	long leg	$566K	$73K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06839	+0.088%	$1.3M	$377K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06826	−0.102%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06804	−0.420%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06830	−0.046%	$96K	$381K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06818	−0.220%	$1K	$877K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06840	+0.099%	$1K	$199K	5x	as long as short
BloFin BASED-USDT	+0.0160%	4h	0.06836	+0.044%	$261K	$47K	25x	as long as short
Aster BASEDUSDT	+0.0163%	4h	0.06830	−0.046%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0239%	4h	0.06832	−0.015%	$3K	$664	10x	as long as short