Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.001%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3073.075% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.001%, 7d avg +0.030%

Together, before fees+0.066%+ Points / potential airdropExtended: Active · farm board+$7 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 0.031% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1517	0.0104	pay 0.0013% / 1h	32m 57s	$5K	$171K	5x
Short	KuCoin IOUSDTM	0.1517	0.0100	get 0.0050% / 4h	1h 32m	$409K	$656K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$0.84
Price spread: −0.001% → +0.030%: −$3.06
Slippage, 4 orders: −$290.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$311.38
Costs to cover: 3.075%
Break-even: never at this rate

Slippage from Extended: live order book, 48 min ago; KuCoin: live order book, 40 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 Extended live order book, 48 min ago	5.28 bp	46.3 bp −$46	468.8 bp −$4,688	doesn't fit	doesn't fit
Sell KuCoin live order book, 40 min ago	6.63 bp	83.2 bp −$83	393.5 bp −$3,935	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
Kraken Futures PF_IOUSD	−0.0637%	1h	0.1521	+0.293%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0092%	4h	0.1517	−0.001%	$193K	$30K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1517	−0.034%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1519	+0.154%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1517	−0.019%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1515	−0.100%	$1.1M	$878K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1518	+0.091%	$235K	$530K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1516	−0.067%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1517	−0.001%	$409K	$656K	50x
Bitget IOUSDT	+0.0100%	4h	0.1518	+0.065%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1517	−0.001%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1514	−0.177%	$30K	$5K	—	as long as short
Extended IO-USDlong	+0.0104%	1h	0.1517	long leg	$5K	$171K	5x
Injective IO/USDC PERP	+0.0163%	1h	0.1518	+0.065%	$2K	$103	5.5x	as long as short