Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Binance against KuCoin+0.163%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$818as in the Funding arb table

Net, price: spread back to 7d avg − costs−$811as in the Price arb table

costs, in and out, $10k−$8208.199% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.135%−$14 · spread now +0.163%, 7d avg +0.078%

Together, before fees−0.115%−$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: Binance is 0.085% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.07023	0.0100	pay 0.0050% / 4h	2h 26m	$1.6M	$10.0M	8x
Short	Binance HUSDT	0.07034	0.0100	get 0.0050% / 4h	2h 26m	$15.1M	$10.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.078%: $8.54
Slippage, 4 orders: −$797.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$811.33
Costs to cover: 8.199%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 14 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, 2 min ago	2.85 bp	397.0 bp −$397	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.12 bp	32.9 bp −$33	216.7 bp −$2,167	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	−11.007%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0071%	4h	0.07028	+0.071%	$599K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07017	−0.083%	$118K	$47K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.07034	+0.163%	$15.1M	$10.3M	10x
Bybit HUSDT	+0.0100%	4h	0.07022	−0.016%	$7.7M	$4.4M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07029	+0.085%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07020	−0.043%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07031	+0.114%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.07023	long leg	$1.6M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.07017	−0.085%	$1.7M	$450K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.07029	+0.085%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07016	−0.104%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07030	+0.095%	$1.2M	$478K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07034	+0.152%	$12K	$107K	5x	as long as short