Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin+0.084%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$3233.230% of the position

Long on KuCoin Short on Extended

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)−0.099%−$10 · spread now +0.084%, 7d avg −0.022%

Together, before fees−0.165%+ Points / potential airdropExtended: Active · farm board−$16 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: Extended is 0.106% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IOUSDTM	0.1487	0.0100	pay 0.0050% / 4h	2h 37m	$348K	$624K	50x
Short	Extended IO-USD	0.1488	0.0104	get 0.0013% / 1h	37m 01s	$3K	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0.84
Price spread: +0.084% → −0.022%: $10.59
Slippage, 4 orders: −$305.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$311.53
Costs to cover: 3.230%
Break-even: 2603.1 days

Slippage from KuCoin: live order book, 22 min ago; Extended: 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 KuCoin live order book, 22 min ago	6.71 bp	99.3 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 10 min ago	7.70 bp	47.9 bp −$48	doesn't fit	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
Hyperliquid IO	+0.0100%	1h	0.1488	+0.081%	$992K	$363K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1489	+0.106%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1489	+0.110%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1487	−0.013%	$1.1M	$901K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1487	0.000%	$233K	$446K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1485	−0.134%	$1.2M	$234K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1487	long leg	$348K	$624K	50x
Bitget IOUSDT	+0.0100%	4h	0.1488	+0.067%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1487	0.000%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1486	−0.083%	$30K	$16K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USDshort	+0.0104%	1h	0.1488	+0.084%	$3K	$215K	5x
BloFin IO-USDT	+0.0149%	4h	0.1484	−0.202%	$193K	$38K	50x	as long as short
Injective IO/USDC PERP	+0.0619%	1h	0.1484	−0.202%	$2K	$200	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7472%	1h	0.1489	+0.164%	$38K	$10K	10x	as long as short