Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.099%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2132.132% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.099%, 7d avg +0.030%

Together, before fees+0.022%+$2 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: OKX is 0.068% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0005074	0.0100	pay 0.0050% / 4h	42m 24s	$464K	$137K	50x
Short	OKX NOT-USDT-SWAP	0.0005079	0.0100	get 0.0050% / 4h	42m 24s	$621K	$599K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.030%: $6.81
Slippage, 4 orders: −$191.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$206.39
Costs to cover: 2.132%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; OKX: live order book, 33 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, 20 min ago	7.93 bp	80.3 bp −$80	561.8 bp −$5,618	doesn't fit	doesn't fit
Sell OKX live order book, 33 min ago	1.99 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	−0.0054%	4h	0.0005087	+0.263%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.942%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005086	+0.240%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005080	+0.118%	$372K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005082	+0.154%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005074	0.000%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005075	+0.020%	$2.1M	$821K	25x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005079	+0.099%	$621K	$599K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005080	+0.118%	$141K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005074	0.000%	$1.4M	$459K	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	0.0005074	long leg	$464K	$137K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005079	+0.099%	$667K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005078	+0.079%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005075	+0.020%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0144%	4h	0.0005081	+0.138%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.4198%	1h	0.0005081	+0.141%	$50K	$10K	10x	as long as short