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: Binance against KuCoin+0.040%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$771as in the Funding arb table
Net, price: spread back to 7d avg − costs−$789as in the Price arb table
costs, in and out, $10k−$7977.968% 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)−0.168%−$17 · spread now +0.040%, 7d avg −0.033%
Together, before fees+0.094%+$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: Binance is 0.074% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin C98USDTM0.016420.0100pay 0.0100% / 8h1h 58m$199K$38K20x
ShortBinance C98USDT0.016430.0100get 0.0100% / 8h1h 58m$1.4M$2.0M50x

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: +0.040% → −0.033%
$7.37
Slippage, 4 orders
−$774.85
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$789.48
Costs to cover
7.968%
Break-even
never at this rate
Slippage from KuCoin: live order book, 57 min ago; Binance: live order book, 5 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, 57 min ago21.40 bp273.0 bp −$273doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 5 min ago3.05 bp40.2 bp −$40140.7 bp −$1,407doesn'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
BloFin C98-USDT+0.0087%8h0.01639−0.183%$130K$14K50xas long as short
Binance C98USDTshort+0.0100%8h0.01643+0.040%$1.4M$2.0M50x
Bybit C98USDT+0.0100%8h0.01643+0.079%$872K$296K25xas long as short
Gate C98_USDT+0.0100%8h0.01644+0.122%$110K$46K25xas long as short
MEXC C98_USDT+0.0100%8h0.01641−0.061%$284K$102K100xas long as short
KuCoin C98USDTMlong+0.0100%8h0.01642long leg$199K$38K20x
Bitget C98USDT+0.0100%8h0.016420.000%$192K$348K50xas long as short
Variational Omni C98+0.0100%8h0.01639−0.201%$8K$202as long as short
Kraken Futures PF_C98USD+0.0519%1h0.01642−0.023%$15K$4K10xas long as short