Funding arb · Price arb /

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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 Binance−0.045%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1841.840% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.045%, 7d avg −0.012%

Together, before fees+0.057%+$6 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 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IOUSDT	0.1525	0.0100	pay 0.0050% / 4h	3h 11m	$3.0M	$6.6M	50x
Short	KuCoin IOUSDTM	0.1524	0.0100	get 0.0050% / 4h	3h 11m	$366K	$676K	50x

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 −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.012%: −$3.32
Slippage, 4 orders: −$162.01
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$187.33
Costs to cover: 1.840%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 42 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, 12 min ago	6.55 bp	19.1 bp −$19	95.0 bp −$950	doesn't fit	doesn't fit
Sell KuCoin live order book, 42 min ago	6.60 bp	63.0 bp −$63	377.3 bp −$3,773	doesn't fit	doesn't fit

IO 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
BloFin IO-USDT	+0.0044%	4h	0.1526	+0.086%	$195K	$32K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1525	+0.007%	$1.0M	$383K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1525	+0.015%	$6K	$32K	5x	as long as short
Binance IOUSDTlong	+0.0100%	4h	0.1525	long leg	$3.0M	$6.6M	50x
Bybit IOUSDT	+0.0100%	4h	0.1524	−0.045%	$1.1M	$897K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1524	−0.078%	$242K	$554K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1524	−0.045%	$1.2M	$231K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1524	−0.045%	$366K	$676K	50x
Bitget IOUSDT	+0.0100%	4h	0.1525	+0.021%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1525	+0.021%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1522	−0.192%	$33K	$8K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1524	−0.036%	$3K	$125K	5x	as long as short
Injective IO/USDC PERP	+0.0414%	1h	0.1517	−0.504%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.0617%	1h	0.1530	+0.319%	$40K	$18K	10x	as long as short