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: KuCoin against SunX+0.132%7-day average 0.000% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

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)−0.092%−$9 · spread now +0.132%, 7d avg 0.000%

Together, before fees−0.092%−$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: KuCoin is 0.132% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06812	0.0100	pay 0.0050% / 4h	2h 55m	$1K	$847K	20x
Short	KuCoin BASEDUSDTM	0.06821	0.0100	get 0.0050% / 4h	2h 55m	$565K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → 0.000%: $13.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 56 min ago; KuCoin: live order book, 57 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 SunX live order book, 56 min ago	500.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 57 min ago	24.21 bp	408.6 bp −$409	939.6 bp −$9,396	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	+0.0073%	4h	0.06843	+0.455%	$255K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06808	−0.057%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06798	−0.206%	$2.1M	$606K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06799	−0.191%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06809	−0.044%	$542K	$539K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06814	+0.029%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06821	+0.132%	$565K	$60K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06817	+0.073%	$1.3M	$361K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06814	+0.036%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06849	+0.549%	$97K	$382K	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-USDTlong	+0.0100%	4h	0.06812	long leg	$1K	$847K	20x
Extended BASED-USD	+0.0104%	1h	0.06811	−0.013%	$4K	$199K	5x	as long as short
BingX BASED-USDT	+0.0114%	4h	0.06806	−0.088%	—	$1.7M	—	as long as short
Orderly PERP_BASED_USDC	+0.0276%	4h	0.06816	+0.059%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0347%	4h	0.06815	+0.040%	$29K	$6K	5x	as long as short