Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against KuCoin+0.015%7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.015%, 7d avg −0.005%

Together, before fees−0.091%−$9 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: SunX is 0.020% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06710	0.0100	pay 0.0050% / 4h	2h 47m	$559K	$111K	20x
Short	SunX BASED-USDT	0.06711	0.0100	get 0.0050% / 4h	2h 47m	$2K	$787K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.005%: $2.01
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 35 min ago; SunX: live order book, 34 min ago. Net counts fees only.

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, 35 min ago	13.40 bp	469.6 bp −$470	1050.1 bp −$10.5K	doesn't fit	doesn't fit
Sell SunX live order book, 34 min ago	501.34 bp	doesn't fit	doesn't fit	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	+0.0058%	4h	0.06724	+0.209%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06717	+0.105%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06716	+0.097%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06707	−0.045%	$2.1M	$571K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06711	+0.015%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06713	+0.045%	$534K	$511K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06716	+0.089%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06710	long leg	$559K	$111K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06724	+0.209%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06712	+0.030%	—	$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	0.06704	−0.089%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	+0.147%	$92K	$388K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06711	+0.015%	$2K	$787K	20x
Extended BASED-USD	+0.0104%	1h	0.06717	+0.098%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0269%	4h	0.06717	+0.104%	$3K	$652	10x	as long as short