Funding arb · Price arb /

POWR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.318%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,083as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,021as in the Price arb table

costs, in and out, $10k−$1,00210.023% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.805%−$81 on $10k

Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.318%, 7d avg −0.130%

Together, before fees−0.631%−$63 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 0.188% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POWRUSDTM	0.06350	0.0100	pay 0.0050% / 4h	1h 08m	$634K	$97K	30x
Short	Binance POWRUSDT	0.06330	0.0100	get 0.0050% / 4h	1h 08m	$1.4M	$2.0M	50x

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 −0.318%Rate

Funding earned: $0
Price spread: −0.318% → −0.130%: −$18.78
Slippage, 4 orders: −$980.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,021.1
Costs to cover: 10.023%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; Binance: live order book, 3 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, 27 min ago	25.20 bp	393.4 bp −$393	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.58 bp	42.0 bp −$42	142.8 bp −$1,428	doesn't fit	doesn't fit

POWR on 10 exchanges

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 POWRUSDT	+0.0100%	4h	0.06326	−0.382%	$13K	$44K	5x	as long as short
Binance POWRUSDTshort	+0.0100%	4h	0.06330	−0.318%	$1.4M	$2.0M	50x
Bybit POWRUSDT	+0.0100%	4h	0.06325	−0.394%	$888K	$513K	13x	as long as short
Gate POWR_USDT	+0.0100%	4h	0.06315	−0.551%	$105K	$26K	10x	as long as short
MEXC POWR_USDT	+0.0100%	4h	0.06329	−0.331%	$1.1M	$112K	50x	as long as short
KuCoin POWRUSDTMlong	+0.0100%	4h	0.06350	long leg	$634K	$97K	30x
Bitget POWRUSDT	+0.0100%	4h	0.06327	−0.362%	$365K	$187K	50x	as long as short
BingX POWR-USDT	+0.0100%	4h	0.06330	−0.315%	—	$1.3M	—	as long as short
Variational Omni POWR	+0.0100%	4h	0.06321	−0.451%	$506	$2K	—	as long as short
Kraken Futures PF_POWRUSD	+0.0287%	1h	0.06339	−0.171%	$16K	$11K	10x	as long as short