Settings8H · net · $10k
Funding arb · Price arb /

ON

all ON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.015%7-day average +0.320% · you buy dearer than you sell
Net, funding: paid 7d − costs−$824as in the Funding arb table
Net, price: spread back to 7d avg − costs−$876as in the Price arb table
costs, in and out, $10k−$8438.429% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.191%+$19 on $10k
Price spread, last 7 days+0.459%+$46 · spread now −0.015%, 7d avg +0.320%
Together, before fees+0.650%+$65 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: Binance is 0.334% cheaper against KuCoin than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.320%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ONUSDTM0.13580.0100pay 0.0050% / 4h1h 15m$749K$51K50x
ShortBinance ONUSDT0.13580.0100get 0.0050% / 4h1h 15m$5.9M$3.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: −0.015% → +0.320%
−$33.45
Slippage, 4 orders
−$820.9
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$876.35
Costs to cover
8.429%
Break-even
never at this rate
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago12.85 bp367.8 bp −$368doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 8 min ago7.34 bp31.9 bp −$32141.4 bp −$1,414doesn't fitdoesn't fit

ON on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ONUSDC+0.0091%4h0.1361+0.216%$7K$133K10xas long as short
Binance ONUSDTshort+0.0100%4h0.1358−0.015%$5.9M$3.9M50x
Gate ON_USDT+0.0100%4h0.1356−0.199%$302K$31K5xas long as short
MEXC ON_USDT+0.0100%4h0.1357−0.088%$1.0M$408K50xas long as short
KuCoin ONUSDTMlong+0.0100%4h0.1358long leg$749K$51K50x
BingX ON-USDT+0.0100%4h0.1358−0.015%$6.6Mas long as short
Variational Omni ON+0.0100%4h0.1360+0.150%$25K$7Kas long as short
Aster ONUSDT+0.0620%4h0.1356−0.162%$443K$30K5xas long as short