Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.107%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,160as in the Price arb table

costs, in and out, $10k−$1,17411.737% of the position

Long on OKX 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)−0.225%−$23 · spread now +0.107%, 7d avg −0.033%

Together, before fees−0.225%−$23 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 0.140% dearer against OKX than usual: you sell high and buy low, +$14 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	OKX INIT-USDT-SWAP	0.08390	0.0100	pay 0.0050% / 4h	1m 33s	$142K	$707K	10x
Short	KuCoin INITUSDTM	0.08399	0.0100	get 0.0050% / 4h	1m 33s	$326K	$57K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → −0.033%: $14
Slippage, 4 orders: −$1,151.66
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,159.65
Costs to cover: 11.737%
Break-even: never at this rate

Slippage from OKX: live order book, 54 min ago; KuCoin: live order book, 10 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 OKX live order book, 54 min ago	10.24 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	24.23 bp	783.7 bp −$784	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
Kraken Futures PF_INITUSD	−0.5683%	1h	0.08210	−2.145%	$3K	$19K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08398	+0.091%	$315K	$238K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08413	+0.270%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08415	+0.298%	$3.4M	$3.9M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08385	−0.060%	$1.5M	$1.6M	25x	as long as short
OKX INIT-USDT-SWAPlong	+0.0100%	4h	0.08390	long leg	$142K	$707K	10x
Gate INIT_USDT	+0.0100%	8h	0.08405	+0.179%	$83K	$58K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08403	+0.155%	$451K	$212K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08399	+0.107%	$326K	$57K	25x
Bitget INITUSDT	+0.0100%	4h	0.08395	+0.060%	$433K	$330K	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	0.08394	+0.048%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08220	−2.031%	$26K	$23K	—	as long as short
BloFin INIT-USDT	+0.0106%	4h	0.08246	−1.716%	$150K	$112K	25x	as long as short