Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin+0.333%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.333% dearer against KuCoin than usual: you sell high and buy low: +$33 more if the spread 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	KuCoin NOTUSDTM	0.0005053	−0.0230	get 0.0115% / 4h	25m 59s	$469K	$128K	50x
Short	Extended kNOT-USD	0.0005070	0.0104	get 0.0013% / 1h	25m 59s	$4K	—	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 +0.333%Rate

Funding earned: $70.14
Price spread: +0.333% → 0.000%: $33.26
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $86.4
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 57 min ago; Extended: no order-book sample. 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 KuCoin live order book, 57 min ago	14.77 bp	91.4 bp −$91	565.8 bp −$5,658	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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
Variational Omni NOT	−0.0348%	4h	0.0005058	+0.100%	$72K	$39K	—	as long as short
KuCoin NOTUSDTMlong	−0.0230%	4h	0.0005053	long leg	$469K	$128K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.542%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0093%	4h	0.0005074	+0.416%	$110K	$16K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005070	+0.342%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.336%	$360K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005070	+0.334%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005064	+0.214%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005061	+0.158%	$2.1M	$857K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005068	+0.297%	$643K	$673K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005060	+0.139%	$140K	$70K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005059	+0.119%	$1.3M	$433K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005061	+0.158%	$671K	$416K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005063	+0.198%	—	$8.8M	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005070	+0.333%	$4K	—	5x
Kraken Futures PF_NOTUSD	+0.1705%	1h	0.0005066	+0.264%	$49K	$9K	10x	as long as short