Funding arb · Price arb /

DATA

all DATA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h −0.003%

Price spread now: KuCoin against Extended−0.264%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.264% cheaper against Extended than usual: you would sell low and buy high (spread −0.264% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 5.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DATA-USD	0.2193	−0.0616	get 0.0077% / 1h	55m 23s	$914	$60	5x
Short	KuCoin DATAUSDTM	0.2188	−0.0442	pay 0.0221% / 4h	2h 55m	$199K	$1.0M	30x

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

Position, each leg$Hold fordaysFee ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.264%Rate

Funding earned: $36.54
Price spread: −0.264% → 0.000%: −$26.4
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.86
Costs to cover: 0.170%
Break-even: 8.3 days

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Extended no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	23.38 bp	258.7 bp −$259	doesn't fit	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DATA on 9 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
Gate DATA_USDT	−0.2646%	4h	0.2185	−0.387%	$109K	$81K	20x	as long as short
Bybit DATAUSDT	−0.2317%	4h	0.2191	−0.123%	$1.2M	$1.4M	20x	as long as short
OKX DATA-USDT-SWAP	−0.2069%	4h	0.2186	−0.341%	$1.2M	$5.4M	20x	as long as short
MEXC DATA_USDT	−0.2014%	4h	0.2185	−0.387%	$100K	$263K	20x	as long as short
BloFin DATA-USDT	−0.1875%	4h	0.2232	+1.756%	$120K	$7K	20x	as long as short
Extended DATA-USDlong	−0.0616%	1h	0.2193	long leg	$914	$60	5x
KuCoin DATAUSDTMshort	−0.0442%	4h	0.2188	−0.264%	$199K	$1.0M	30x
Lighter DATA	−0.0432%	1h	0.2203	+0.434%	$69K	$207K	10x	as long as short
Bitget DATAUSDT	+0.0100%	4h	0.2189	−0.205%	$617K	$401K	50x	as long as short