Funding arb · Price arb /

HAEDAL

all HAEDAL markets

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 0.000%

Price spread now: Binance against KuCoin+0.193%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,512as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,495as in the Price arb table

costs, in and out, $10k−$1,51115.107% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.193%, 7d avg +0.037%

Together, before fees−0.247%−$25 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 0.156% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HAEDALUSDTM	0.02077	0.0100	pay 0.0050% / 4h	2h 50m	$117K	$52K	10x
Short	Binance HAEDALUSDT	0.02081	0.0100	get 0.0050% / 4h	2h 50m	$1.5M	$2.0M	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 +0.193%Rate

Funding earned: $0
Price spread: +0.193% → +0.037%: $15.56
Slippage, 4 orders: −$1,488.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,495.17
Costs to cover: 15.107%
Break-even: never at this rate

Slippage from KuCoin: live order book, 73 min ago; Binance: live order book, 13 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, 73 min ago	50.37 bp	728.0 bp −$728	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	4.82 bp	47.2 bp −$47	414.5 bp −$4,145	doesn't fit	doesn't fit

HAEDAL on 8 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
Binance HAEDALUSDTshort	+0.0100%	4h	0.02081	+0.193%	$1.5M	$2.0M	10x
Bybit HAEDALUSDT	+0.0100%	4h	0.02078	+0.048%	$397K	$228K	13x	as long as short
Gate HAEDAL_USDT	+0.0100%	4h	0.02083	+0.289%	$73K	$43K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02082	+0.241%	$160K	$196K	125x	as long as short
KuCoin HAEDALUSDTMlong	+0.0100%	4h	0.02077	long leg	$117K	$52K	10x
Bitget HAEDALUSDT	+0.0100%	4h	0.02081	+0.193%	$203K	$239K	10x	as long as short
BingX HAEDAL-USDT	+0.0100%	4h	0.02080	+0.144%	—	$1.3M	—	as long as short
Variational Omni HAEDAL	+0.0100%	4h	0.02078	+0.055%	$360	$2K	—	as long as short