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

COLLECT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0668%/8h= +73.1% APRpaid last 24h +0.010%
Price spread now: KuCoin against Extended+0.142%7-day average −0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,578as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,533as in the Price arb table
costs, in and out, $10k−$1,56115.614% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.162%−$16 on $10k
Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.142%, 7d avg −0.141%
Together, before fees−0.208%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and KuCoin is 0.283% dearer against Extended than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.141%. Mind the row above: over the last 7 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended COLLECT-USD0.018100.0104pay 0.0013% / 1h49m 24s$9K$292K5x
ShortKuCoin COLLECTUSDTM0.018130.0772get 0.0386% / 4h3h 49m$740K$66K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
$140.28
Price spread: +0.142% → −0.141%
$28.29
Slippage, 4 orders
−$1,544.38
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,392.81
Costs to cover
15.614%
Break-even
76.5 days
Slippage from Extended: live order book, 3 min ago; KuCoin: live order book, 25 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 Extended live order book, 3 min ago9.91 bp87.7 bp −$88883.4 bp −$8,834doesn't fitdoesn't fit
Sell KuCoin live order book, 25 min ago13.95 bp606.6 bp −$607doesn't fitdoesn't fitdoesn't fit

COLLECT on 8 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 COLLECTUSDT+0.0100%4h0.01805−0.292%$358K$30K5xas long as short
Binance COLLECTUSDT+0.0100%4h0.01811+0.032%$5.1M$1.9M20xas long as short
BingX COLLECT-USDT+0.0100%4h0.01812+0.087%$2.3Mas long as short
BloFin COLLECT-USDT+0.0102%4h0.01815+0.253%$334K$6K20xas long as short
Extended COLLECT-USDlong+0.0104%1h0.01810long leg$9K$292K5x
MEXC COLLECT_USDT+0.0104%4h0.01810−0.024%$549K$124K50xas long as short
Gate COLLECT_USDT+0.0542%4h0.01803−0.410%$257K$58K20xas long as short
KuCoin COLLECTUSDTMshort+0.0772%4h0.01813+0.142%$740K$66K20x