Funding arb · Price arb /

INIT

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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 0.000%

Price spread now: KuCoin against Binance−0.147%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$722as in the Funding arb table

Net, price: spread back to 7d avg − costs−$732as in the Price arb table

costs, in and out, $10k−$7227.220% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.147%, 7d avg −0.049%

Together, before fees+0.052%+$5 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 0.098% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INITUSDT	0.08166	0.0100	pay 0.0050% / 4h	1h 23m	$3.4M	$3.6M	25x
Short	KuCoin INITUSDTM	0.08154	0.0100	get 0.0050% / 4h	1h 23m	$325K	$54K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.049%: −$9.82
Slippage, 4 orders: −$699.97
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$731.79
Costs to cover: 7.220%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 48 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 Binance live order book, 13 min ago	3.07 bp	30.3 bp −$30	108.2 bp −$1,082	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	31.82 bp	408.3 bp −$408	doesn't fit	doesn't fit	doesn't fit

INIT on 13 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
BloFin INIT-USDT	+0.0069%	4h	0.08164	−0.024%	$153K	$110K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08154	−0.143%	$296K	$233K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08154	−0.148%	$27K	$36K	5x	as long as short
Binance INITUSDTlong	+0.0100%	4h	0.08166	long leg	$3.4M	$3.6M	25x
Bybit INITUSDT	+0.0100%	4h	0.08156	−0.122%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08154	−0.147%	$133K	$631K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08147	−0.233%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08163	−0.037%	$444K	$219K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08154	−0.147%	$325K	$54K	25x
Bitget INITUSDT	+0.0100%	4h	0.08160	−0.073%	$426K	$310K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08156	−0.122%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08133	−0.398%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0387%	1h	0.08129	−0.458%	$5K	$17K	10x	as long as short