Funding arb · Price arb /

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Swap Backtest

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 −0.012%

Price spread now: OKX against KuCoin−0.108%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$3363.361% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 7 days+0.231%+$23 · spread now −0.108%, 7d avg −0.040%

Together, before fees+0.541%+$54 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 0.068% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FUSDTM	0.003702	0.0100	pay 0.0050% / 4h	1h 07m	$614K	$1.1M	30x
Short	OKX F-USDT-SWAP	0.003698	0.0100	get 0.0050% / 4h	1h 07m	$716K	$2.0M	20x

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

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → −0.040%: −$6.78
Slippage, 4 orders: −$314.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$342.92
Costs to cover: 3.361%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 5 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 KuCoin live order book, 3 min ago	1.35 bp	180.1 bp −$180	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.71 bp	23.3 bp −$23	113.4 bp −$1,134	doesn't fit	doesn't fit

F on 10 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
Aster FUSDT	+0.0100%	4h	0.003699	−0.087%	$15K	$26K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003698	−0.108%	$3.8M	$6.0M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003696	−0.162%	$2.4M	$2.1M	25x	as long as short
OKX F-USDT-SWAPshort	+0.0100%	4h	0.003698	−0.108%	$716K	$2.0M	20x
Gate F_USDT	+0.0100%	8h	0.003698	−0.108%	$136K	$1.2M	25x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003699	−0.081%	$607K	$174K	50x	as long as short
KuCoin FUSDTMlong	+0.0100%	4h	0.003702	long leg	$614K	$1.1M	30x
Bitget FUSDT	+0.0100%	4h	0.003699	−0.081%	$491K	$679K	50x	as long as short
BingX F-USDT	+0.0100%	4h	0.003700	−0.054%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003693	−0.235%	$646	$364	—	as long as short