Settings8H · net · $10k
Funding arb · Price arb /

C

all C markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.360%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$398as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as in the Price arb table
costs, in and out, $10k−$3963.957% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.360%, 7d avg +0.018%
Together, before fees−0.339%−$34 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 0.342% dearer against KuCoin than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CUSDTM0.079780.0100pay 0.0050% / 4h2h 38m$642K$132K25x
ShortBinance CUSDT0.080070.0100get 0.0050% / 4h2h 38m$6.5M$11.2M50x

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

Funding earned
$0
Price spread: +0.360% → +0.018%
$34.21
Slippage, 4 orders
−$373.67
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$361.46
Costs to cover
3.957%
Break-even
never at this rate
Slippage from KuCoin: live order book, 21 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 21 min ago12.04 bp196.3 bp −$196doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.51 bp32.8 bp −$33171.9 bp −$1,719doesn't fitdoesn't fit

C on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CUSDT+0.0100%4h0.07987+0.118%$32K$97K5xas long as short
Binance CUSDTshort+0.0100%4h0.08007+0.360%$6.5M$11.2M50x
MEXC C_USDT+0.0100%4h0.07997+0.238%$222K$196K50xas long as short
KuCoin CUSDTMlong+0.0100%4h0.07978long leg$642K$132K25x
Bitget CUSDT+0.0100%4h0.07981+0.038%$457K$958K20xas long as short
Variational Omni C+0.0161%4h0.07986+0.097%$614$1Kas long as short
Gate C_USDT+0.0434%4h0.07994+0.201%$325K$409K20xas long as short
BingX C-USDT+0.1028%4h0.07994+0.201%$2.4Mas long as short
Bybit CUSDT+0.1140%4h0.08010+0.401%$1.1M$1.7M13xas long as short