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

CP

all CP 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: OKX against KuCoin−0.212%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$407as in the Price arb table
costs, in and out, $10k−$3933.929% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.156%+$16 on $10k
Price spread, last 7 days+0.212%+$21 · spread now −0.212%, 7d avg −0.067%
Together, before fees+0.369%+$37 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: OKX is 0.145% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CPUSDTM0.014150.0100pay 0.0050% / 4h3h 29m$201K$896K20x
ShortOKX CP-USDT-SWAP0.014120.0100get 0.0050% / 4h3h 29m$4.0M$11.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.212% → −0.067%
−$14.49
Slippage, 4 orders
−$370.9
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$407.39
Costs to cover
3.929%
Break-even
never at this rate
Slippage from KuCoin: live order book, 15 min ago; OKX: live order book, 3 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, 15 min ago10.64 bp183.8 bp −$184doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 3 min ago3.56 bp27.1 bp −$27131.4 bp −$1,314doesn't fitdoesn't fit

CP 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
BingX CP-USDT+0.0070%4h0.01411−0.283%$1.1Mas long as short
BloFin CP-USDT+0.0097%4h0.01407−0.565%$432$43K20xas long as short
OKX CP-USDT-SWAPshort+0.0100%4h0.01412−0.212%$4.0M$11.9M20x
Gate CP_USDT+0.0100%4h0.01412−0.212%$616K$565K20xas long as short
MEXC CP_USDT+0.0100%4h0.01411−0.283%$1.6M$388K20xas long as short
KuCoin CPUSDTMlong+0.0100%4h0.01415long leg$201K$896K20x
Bitget CPUSDT+0.0100%4h0.01412−0.198%$812K$1.7M20xas long as short
Bybit CPUSDT+0.0460%4h0.01414−0.071%$1.5M$2.9M20xas long as short