Funding arb · Price arb /

CC

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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: Binance against KuCoin+0.043%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2562.555% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.043%, 7d avg −0.060%

Together, before fees−0.020%−$2 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 0.103% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1172	0.0100	pay 0.0050% / 4h	0m 46s	$483K	$122K	50x
Short	Binance CCUSDT	0.1173	0.0100	get 0.0050% / 4h	0m 46s	$11.1M	$12.1M	75x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.060%: $10.26
Slippage, 4 orders: −$233.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$245.24
Costs to cover: 2.555%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Binance: live order book, 9 min ago.

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, 12 min ago	13.20 bp	92.6 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.99 bp	20.0 bp −$20	80.7 bp −$807	514.4 bp −$51.4K	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3024%	1h	0.1180	+0.674%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0198%	4h	0.1172	−0.034%	$1.7M	$333K	100x	as long as short
Bybit CCUSDT	−0.0193%	4h	0.1173	+0.102%	$10.7M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1171	−0.115%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1174	+0.196%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1172	−0.009%	$35K	$32K	20x	as long as short
Binance CCUSDTshort	+0.0100%	4h	0.1173	+0.043%	$11.1M	$12.1M	75x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1174	+0.205%	$2.5M	$3.2M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1172	−0.051%	$363K	$217K	50x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1172	long leg	$483K	$122K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1172	+0.034%	$918K	$783K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1172	+0.017%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1171	−0.094%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.133%	$596K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1170	−0.157%	$84K	$2.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1169	−0.264%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1170	−0.188%	$595K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1171	−0.128%	$44K	—	50x	as long as short
Lighter CC	+0.0704%	1h	0.1179	+0.606%	$244K	$160K	5x	as long as short