Funding arb · Price arb / Crypto
LAYER
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.06449 | +0.0104 | pay 0.0013% / 1h | 58m 23s | $959 | $173K | 5x | Long Extended10% off | |
| SHORT | 0.06474 | +0.0100 | get 0.0050% / 4h | 3h 58m | $114K | $19K | 30x | Short KuCoin |
Price gap+0.388%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$20 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0004% /8h now · paid +0.016% over the last 7D
Price+$20spread +0.388% now, avg +0.189% → +0.200% if it goes back
Costs−$8758.746% of $10k · taker + slippage, in and out
Result−$853−8.53%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.388%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLAYER on 14 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size29.3 / 369.4 bpAt $10k entering KuCoin costs 369.4 bp, fee and slippage, 12.6× Extended’s.
- Note: Margin at max leverage$2,000 + $333Extended 5x, KuCoin 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long Extended: 24 payments, −$3.12; short KuCoin: 6 payments, +$3.00.
- OK: Entry gap works for you+0.388% vs +0.189%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$959 vs $114K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0008%/8h × 21 periods+$1.62
Price spread+0.388% → +0.189% (7d avg)+$19.97
Slippage, 4 orderslive order books−$857.57
Fee Extended bp × 2 orders−$5.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$852.98
Costs to cover8.746%Break-even3692.7 days
Slippage: Extended: live order book, 57 min ago; KuCoin: live order book, 49 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended3.9729.3 bp−$29186.3 bp−$1,863doesn’t fitdoesn’t fit
SELL · SHORTKuCoin16.33369.4 bp−$369doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.