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: KuCoin against OKX+0.060%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$484as in the Funding arb table

Net, price: spread back to 7d avg − costs−$481as in the Price arb table

costs, in and out, $10k−$4854.848% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.060%, 7d avg +0.022%

Together, before fees−0.140%−$14 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 0.037% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1171	0.0100	pay 0.0050% / 4h	26m 25s	$2.5M	$3.3M	20x
Short	KuCoin CCUSDTM	0.1172	0.0100	get 0.0050% / 4h	26m 25s	$483K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.022%: $3.75
Slippage, 4 orders: −$462.82
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$481.07
Costs to cover: 4.848%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 56 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 OKX live order book, 1 min ago	3.41 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	22.44 bp	189.4 bp −$189	doesn't fit	doesn't fit	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	+0.769%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0153%	4h	0.1171	−0.026%	$10.7M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0144%	4h	0.1169	−0.137%	$1.7M	$332K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1169	−0.141%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1172	+0.111%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1171	+0.035%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1170	−0.111%	$11.0M	$12.2M	75x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1171	long leg	$2.5M	$3.3M	20x
Gate CC_USDT	+0.0100%	4h	0.1169	−0.128%	$362K	$217K	50x	as long as short
KuCoin CCUSDTMshort	+0.0100%	4h	0.1172	+0.060%	$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	0.1169	−0.137%	$917K	$786K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1170	−0.051%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1173	+0.137%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.026%	$597K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1171	−0.001%	$78K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1171	−0.020%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1172	+0.051%	$594K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1171	+0.001%	$44K	—	50x	as long as short
Lighter CC	+0.0640%	1h	0.1176	+0.418%	$243K	$160K	5x	as long as short