Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%

Price spread now: KuCoin against Extended−0.095%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.095% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended kNOT-USD	0.0005059	0.0104	pay 0.0013% / 1h	10m 38s	$4K	—	5x
Short	KuCoin NOTUSDTM	0.0005054	0.0100	get 0.0050% / 4h	3h 10m	$495K	$135K	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 −0.095%Rate

Funding earned: −$0.84
Price spread: −0.095% → 0.000%: −$9.53
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 13 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 13 min ago	11.94 bp	86.5 bp −$87	310.1 bp −$3,101	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.653%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005070	+0.219%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.174%	$340K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005061	+0.049%	$14K	$3K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005056	−0.064%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005055	−0.076%	$2.1M	$813K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005059	+0.004%	$645K	$660K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005060	+0.023%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005060	+0.023%	$1.4M	$463K	200x	as long as short
KuCoin NOTUSDTMshort	+0.0100%	4h	0.0005054	−0.095%	$495K	$135K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDT	+0.0100%	4h	0.0005067	+0.162%	$680K	$480K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005063	+0.083%	—	$8.3M	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005055	−0.082%	$72K	$38K	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0005059	long leg	$4K	—	5x
BloFin NOT-USDT	+0.0151%	4h	0.0005053	−0.115%	$108K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1146%	1h	0.0005062	+0.064%	$49K	$5K	10x	as long as short