Funding arb · Price arb /

IO

all IO markets

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: Binance against KuCoin+0.066%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2252.253% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.066%, 7d avg +0.009%

Together, before fees−0.055%−$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: Binance is 0.058% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IOUSDTM	0.1510	0.0100	pay 0.0050% / 4h	1h 10m	$399K	$654K	50x
Short	Binance IOUSDT	0.1511	0.0100	get 0.0050% / 4h	1h 10m	$3.0M	$6.5M	50x

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 +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.009%: $5.76
Slippage, 4 orders: −$203.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$219.49
Costs to cover: 2.253%
Break-even: never at this rate

Slippage from KuCoin: live order book, 62 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, 62 min ago	6.63 bp	99.0 bp −$99	459.2 bp −$4,592	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.30 bp	18.9 bp −$19	94.3 bp −$943	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	−0.0640%	1h	0.1513	+0.184%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0042%	4h	0.1510	0.000%	$194K	$31K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1511	+0.053%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1512	+0.160%	$6K	$32K	5x	as long as short
Binance IOUSDTshort	+0.0100%	4h	0.1511	+0.066%	$3.0M	$6.5M	50x
Bybit IOUSDT	+0.0100%	4h	0.1509	−0.066%	$1.1M	$874K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1510	+0.033%	$247K	$550K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1509	−0.066%	$1.1M	$232K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1510	long leg	$399K	$654K	50x
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.066%	$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	0.1511	+0.066%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1509	−0.079%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1511	+0.046%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1514	+0.265%	$2K	$106	5.5x	as long as short