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

Q

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.107%
Price spread now: Extended against KuCoin+0.380%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,748as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,756as in the Price arb table
costs, in and out, $10k−$1,78217.823% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.348%+$35 on $10k
Price spread, last 4 days (all we have)−0.365%−$36 · spread now +0.380%, 7d avg +0.120%
Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Extended is 0.260% dearer against KuCoin than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.348% in total (about 18.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin QUSDTM0.025540.0100pay 0.0050% / 4h46m 54s$678K$19K20x
ShortExtended Q-USD0.025640.0632get 0.0079% / 1h46m 54s$8K$165K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$111.72
Price spread: +0.380% → +0.120%
$26.04
Slippage, 4 orders
−$1,765.3
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1,644.54
Costs to cover
17.823%
Break-even
110.0 days
Slippage from KuCoin: live order book, 37 min ago; Extended: live order book, 9 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, 37 min ago17.12 bp1114.9 bp −$1,115doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 9 min ago11.47 bp98.6 bp −$99doesn't fitdoesn't fitdoesn't fit

Q on 11 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
Gate Q_USDT+0.0100%4h0.02557+0.141%$1.2M$284K10xas long as short
KuCoin QUSDTMlong+0.0100%4h0.02554long leg$678K$19K20x
Bitget QUSDT+0.0100%4h0.02563+0.360%$2.3M$134K20xas long as short
Binance QUSDT+0.0631%4h0.02564+0.415%$7.1M$1.3M20xas long as short
Extended Q-USDshort+0.0632%1h0.02564+0.380%$8K$165K5x
BloFin Q-USDT+0.0639%4h0.02561+0.290%$386K$72K40xas long as short
MEXC Q_USDT+0.0646%4h0.02565+0.442%$123K$86K50xas long as short
Aster QUSDT+0.0728%4h0.02562+0.316%$59K$47K5xas long as short
Variational Omni Q+0.0868%4h0.02566+0.480%$620$2Kas long as short
BingX Q-USDT+0.0872%4h0.02571+0.662%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit QUSDT+0.0885%4h0.02563+0.360%$1.6M$373K13xas long as short