Funding arb · Price arb /

OPEN

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Swap Backtest

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 KuCoin0.000%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$578as in the Funding arb table

Net, price: spread back to 7d avg − costs−$571as in the Price arb table

costs, in and out, $10k−$5785.780% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.145%−$15 · spread now 0.000%, 7d avg −0.073%

Together, before fees−0.145%−$15 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 0.073% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENUSDTM	0.1446	0.0100	pay 0.0050% / 4h	2h 28m	$2.4M	$59K	30x
Short	Binance OPENUSDT	0.1446	0.0100	get 0.0050% / 4h	2h 28m	$7.2M	$2.8M	75x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.073%: $7.34
Slippage, 4 orders: −$556.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$570.7
Costs to cover: 5.780%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 10 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, 3 min ago	19.29 bp	245.8 bp −$246	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	3.47 bp	28.9 bp −$29	159.5 bp −$1,595	doesn't fit	doesn't fit

OPEN on 8 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
Aster OPENUSDT	+0.0100%	4h	0.1445	−0.038%	$253K	$4K	5x	as long as short
Binance OPENUSDTshort	+0.0100%	4h	0.1446	0.000%	$7.2M	$2.8M	75x
Gate OPEN_USDT	+0.0100%	8h	0.1446	0.000%	$832K	$192K	75x	as long as short
KuCoin OPENUSDTMlong	+0.0100%	4h	0.1446	long leg	$2.4M	$59K	30x
Bitget OPENUSDT	+0.0100%	4h	0.1447	+0.069%	$2.2M	$192K	20x	as long as short
Extended OPEN-USD	+0.0104%	1h	0.1446	−0.026%	$2K	$105K	5x	as long as short
Kraken Futures PF_OPENUSD	+0.0836%	1h	0.1446	−0.033%	$14K	$55K	10x	as long as short
Bybit OPENUSDT	+0.1048%	4h	0.1447	+0.041%	$1.5M	$732K	25x	as long as short