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

C98

all C98 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: KuCoin against Binance+0.184%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$878as in the Funding arb table
Net, price: spread back to 7d avg − costs−$837as in the Price arb table
costs, in and out, $10k−$8528.523% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.262%−$26 on $10k
Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.184%, 7d avg +0.032%
Together, before fees−0.343%−$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: KuCoin is 0.152% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance C98USDT0.016300.0100pay 0.0100% / 8h3h 30m$1.4M$2.0M50x
ShortKuCoin C98USDTM0.016330.0100get 0.0100% / 8h3h 30m$199K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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: +0.184% → +0.032%
$15.19
Slippage, 4 orders
−$830.25
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$837.06
Costs to cover
8.523%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 40 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 Binance live order book, 3 min ago3.07 bp39.4 bp −$39282.8 bp −$2,828doesn't fitdoesn't fit
Sell KuCoin live order book, 40 min ago27.28 bp410.6 bp −$411doesn't fitdoesn't fitdoesn't fit

C98 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
Kraken Futures PF_C98USD−0.0263%1h0.01628−0.128%$17K$2K10xas long as short
BloFin C98-USDT+0.0079%8h0.01629−0.061%$130K$18K50xas long as short
Binance C98USDTlong+0.0100%8h0.01630long leg$1.4M$2.0M50x
Bybit C98USDT+0.0100%8h0.01631+0.031%$867K$332K25xas long as short
Gate C98_USDT+0.0100%8h0.01631+0.061%$103K$47K25xas long as short
MEXC C98_USDT+0.0100%8h0.016300.000%$282K$107K100xas long as short
KuCoin C98USDTMshort+0.0100%8h0.01633+0.184%$199K$39K20x
Bitget C98USDT+0.0100%8h0.01629−0.061%$191K$353K50xas long as short
Variational Omni C98+0.0100%8h0.01631+0.044%$8K$202as long as short