Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.003%

Price spread now: Extended against KuCoin+0.080%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$857as in the Funding arb table

Net, price: spread back to 7d avg − costs−$854as in the Price arb table

costs, in and out, $10k−$8598.592% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.080%, 7d avg +0.032%

Together, before fees+0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.048% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06894	0.0092	pay 0.0046% / 4h	3h 09m	$1.6M	$10.0M	8x
Short	Extended H-USD	0.06899	0.0104	get 0.0013% / 1h	9m 39s	$9K	$99K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.080%Rate

Funding earned: $2.52
Price spread: +0.080% → +0.032%: $4.79
Slippage, 4 orders: −$842.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$851.88
Costs to cover: 8.592%
Break-even: 2373.3 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 61 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, 4 min ago	5.06 bp	410.9 bp −$411	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	2.13 bp	71.3 bp −$71	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	−9.341%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0051%	4h	0.06878	−0.232%	$597K	$114K	25x	as long as short
KuCoin HUSDTMlong	+0.0092%	4h	0.06894	long leg	$1.6M	$10.0M	8x
Aster HUSDT	+0.0100%	4h	0.06900	+0.094%	$114K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06900	+0.087%	$14.8M	$10.8M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06890	−0.055%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06907	+0.189%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06891	−0.044%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06900	+0.087%	$6.2M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06880	−0.203%	$1.7M	$453K	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	0.06908	+0.203%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06874	−0.292%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06913	+0.280%	$1.1M	$446K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06899	+0.080%	$9K	$99K	5x