Funding arb · Price arb /

CP

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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 OKX0.000%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$339as in the Price arb table

costs, in and out, $10k−$3323.320% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 7 days+0.038%+$4 · spread now 0.000%, 7d avg +0.066%

Together, before fees−0.118%−$12 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 0.066% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CP-USDT-SWAP	0.01383	0.0100	pay 0.0050% / 4h	3h 37m	$3.8M	$10.8M	20x
Short	KuCoin CPUSDTM	0.01383	0.0100	get 0.0050% / 4h	3h 37m	$192K	$917K	20x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.066%: −$6.63
Slippage, 4 orders: −$309.97
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$338.6
Costs to cover: 3.320%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; KuCoin: live order book, 27 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, 6 min ago	3.66 bp	17.0 bp −$17	161.0 bp −$1,610	doesn't fit	doesn't fit
Sell KuCoin live order book, 27 min ago	11.02 bp	129.2 bp −$129	doesn't fit	doesn't fit	doesn't fit

CP on 8 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
BingX CP-USDT	+0.0070%	4h	0.01382	−0.072%	—	$1.0M	—	as long as short
BloFin CP-USDT	+0.0077%	4h	0.01372	−0.795%	$417	$38K	20x	as long as short
Bybit CPUSDT	+0.0100%	4h	0.01381	−0.145%	$1.5M	$2.4M	20x	as long as short
OKX CP-USDT-SWAPlong	+0.0100%	4h	0.01383	long leg	$3.8M	$10.8M	20x
Gate CP_USDT	+0.0100%	4h	0.01381	−0.145%	$567K	$511K	20x	as long as short
MEXC CP_USDT	+0.0100%	4h	0.01381	−0.145%	$1.5M	$365K	20x	as long as short
KuCoin CPUSDTMshort	+0.0100%	4h	0.01383	0.000%	$192K	$917K	20x
Bitget CPUSDT	+0.0100%	4h	0.01381	−0.123%	$799K	$1.5M	20x	as long as short