Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Extended+0.041%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$897as in the Funding arb table

Net, price: spread back to 7d avg − costs−$888as in the Price arb table

costs, in and out, $10k−$8958.952% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.041%, 7d avg −0.033%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 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 0.074% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06899	0.0104	pay 0.0013% / 1h	15m 38s	$9K	$92K	5x
Short	KuCoin HUSDTM	0.06902	0.0100	get 0.0050% / 4h	2h 15m	$1.6M	$10.1M	8x

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

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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 +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → −0.033%: $7.43
Slippage, 4 orders: −$878.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$888.62
Costs to cover: 8.952%
Break-even: never at this rate

Slippage from Extended: live order book, 83 min ago; KuCoin: live order book, 3 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 Extended live order book, 83 min ago	2.94 bp	78.2 bp −$78	545.2 bp −$5,452	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.34 bp	356.9 bp −$357	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.409%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06902	+0.042%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06899	+0.003%	$14.7M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06893	−0.086%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06911	+0.172%	$1.8M	$6.5M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06893	−0.089%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06902	+0.041%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06902	+0.041%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06897	−0.031%	$1.7M	$449K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06902	+0.041%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06900	+0.018%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06981	+1.184%	$1.2M	$438K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06899	long leg	$9K	$92K	5x
BloFin H-USDT	+0.0124%	4h	0.06918	+0.273%	$587K	$114K	25x	as long as short