Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.1326%/8h= +145.2% APRpaid last 24h +0.921%

Price spread now: Kraken Futures against KuCoin+0.211%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Kraken Futures is 0.211% dearer against KuCoin than usual: you sell high and buy low: +$21 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	0.0005020	0.0100	pay 0.0050% / 4h	2h 54m	$493K	$136K	50x
Short	Kraken Futures PF_NOTUSD	0.0005031	0.1426	get 0.0178% / 1h	54m 59s	$49K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.211%Rate

Funding earned: $278.48
Price spread: +0.211% → 0.000%: $21.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $277.59
Costs to cover: 0.220%
Break-even: 0.0 days

Slippage unknown: KuCoin: live order book, 29 min ago; Kraken Futures: 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, 29 min ago	11.94 bp	108.1 bp −$108	542.8 bp −$5,428	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−2.908%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0063%	4h	0.0005040	+0.398%	$108K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005025	+0.102%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	−0.199%	$337K	$67K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005017	−0.068%	$14K	$3K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005007	−0.255%	$2.0M	$2.8M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005004	−0.319%	$2.1M	$808K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005004	−0.319%	$638K	$649K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005020	0.000%	$140K	$57K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005002	−0.359%	$1.3M	$455K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTMlong	+0.0100%	4h	0.0005020	long leg	$493K	$136K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005009	−0.219%	$673K	$481K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005016	−0.080%	—	$8.3M	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005032	+0.229%	$72K	$38K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005006	−0.285%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.1426%	1h	0.0005031	+0.211%	$49K	$5K	10x