Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: KuCoin against Binance+0.014%7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2322.317% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.014%, 7d avg −0.091%

Together, before fees−0.100%−$10 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: KuCoin is 0.105% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03921	0.0100	pay 0.0050% / 4h	1h 34m	$5.3M	$19.6M	75x
Short	KuCoin SUSDTM	0.03922	0.0100	get 0.0050% / 4h	1h 34m	$1.8M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.091%: $10.46
Slippage, 4 orders: −$209.68
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$221.22
Costs to cover: 2.317%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: 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 Binance live order book, 6 min ago	1.27 bp	19.8 bp −$20	59.1 bp −$591	3006.5 bp −$300.6K	doesn't fit
Sell KuCoin live order book, 3 min ago	6.38 bp	87.9 bp −$88	202.7 bp −$2,027	doesn't fit	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.1591%	1h	0.03929	+0.185%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.434%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0880%	4h	0.03922	+0.015%	$610K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0195% / S +0.0188%	1h	0.03930	+0.210%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03920	−0.048%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03930	+0.218%	$606	—	150x	as long as short
Orderly PERP_S_USDC	+0.0025%	4h	0.03930	+0.218%	$100K	$346K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.553%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0079%	4h	0.03926	+0.108%	$43K	$212K	10x	as long as short
01 Exchange SUSD	+0.0080%	1h	0.03920	−0.037%	$24K	$2K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03928	+0.167%	$165K	$222K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03923	+0.027%	$985K	$757K	5x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03921	long leg	$5.3M	$19.6M	75x
Bybit SUSDT	+0.0100%	4h	0.03914	−0.190%	$5.6M	$5.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03918	−0.088%	$978K	$6.1M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03927	+0.142%	$321K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03922	+0.014%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.03922	+0.014%	$1.8M	$3.0M	50x
Bitget SUSDT	+0.0100%	4h	0.03923	+0.040%	$1.2M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03927	+0.142%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	+0.473%	$25K	$465K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03925	+0.093%	$221K	$881K	10x	as long as short
Backpack S_USDC_PERP	+0.0335%	1h	0.03930	+0.218%	$114K	$300K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03941	+0.499%	$268K	$127K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0768%	1h	0.03934	+0.320%	$66K	$10K	10x	as long as short