Funding arb · Price arb /

PROMPT

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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 −0.039%

Price spread now: Binance against KuCoin+0.060%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$921as in the Funding arb table

Net, price: spread back to 7d avg − costs−$897as in the Price arb table

costs, in and out, $10k−$9079.074% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.060%, 7d avg −0.047%

Together, before fees−0.182%−$18 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 0.107% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PROMPTUSDTM	0.02198	0.0100	pay 0.0050% / 4h	1h 29m	$108K	$90K	30x
Short	Binance PROMPTUSDT	0.02199	0.0100	get 0.0050% / 4h	1h 29m	$1.2M	$2.2M	40x

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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.047%: $10.67
Slippage, 4 orders: −$885.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$896.72
Costs to cover: 9.074%
Break-even: never at this rate

Slippage from KuCoin: live order book, 72 min ago; Binance: live order book, 13 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, 72 min ago	15.94 bp	408.4 bp −$408	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	4.53 bp	29.6 bp −$30	142.5 bp −$1,425	doesn't fit	doesn't fit

PROMPT on 9 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
Kraken Futures PF_PROMPTUSD	−0.1391%	1h	0.02200	+0.071%	$3K	$4K	10x	as long as short
Aster PROMPTUSDT	+0.0100%	4h	0.02198	+0.006%	$3K	$1K	5x	as long as short
Binance PROMPTUSDTshort	+0.0100%	4h	0.02199	+0.060%	$1.2M	$2.2M	40x
Bybit PROMPTUSDT	+0.0100%	4h	0.02201	+0.136%	$331K	$244K	5x	as long as short
Gate PROMPT_USDT	+0.0100%	4h	0.02198	0.000%	$553K	$90K	20x	as long as short
MEXC PROMPT_USDT	+0.0100%	4h	0.02199	+0.045%	$132K	$128K	20x	as long as short
KuCoin PROMPTUSDTMlong	+0.0100%	4h	0.02198	long leg	$108K	$90K	30x
BingX PROMPT-USDT	+0.0100%	4h	0.02199	+0.045%	—	$6.5M	—	as long as short
Variational Omni PROMPT	+0.0100%	4h	0.02193	−0.228%	$3K	$5K	—	as long as short