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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.013%
Price spread now: KuCoin against Extended−0.004%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2742.740% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days+0.043%+$4 · spread now −0.004%, 7d avg −0.002%
Together, before fees+0.060%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039630.0104pay 0.0013% / 1h56m 24s$223K$598K10x
ShortKuCoin SUSDTM0.039630.0100get 0.0050% / 4h2h 56m$1.8M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
−$0.84
Price spread: −0.004% → −0.002%
−$0.17
Slippage, 4 orders
−$257
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$275
Costs to cover
2.740%
Break-even
never at this rate
Slippage from Extended: live order book, 27 min ago; KuCoin: live order book, 6 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 Extended live order book, 27 min ago6.31 bp25.7 bp −$26237.4 bp −$2,374doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago6.32 bp109.4 bp −$109274.4 bp −$2,744doesn't fitdoesn't fit

S on 25 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
01 Exchange SUSD−0.9192%1h0.03840−3.108%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1839%1h0.03955−0.202%$32K$14K10xas long as short
Coinbase International S-PERP-INTX−0.1232%1h0.03929−0.862%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03965+0.054%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03959−0.109%$415xas long as short
Variational Omni S−0.0063%4h0.03946−0.425%$613K$29Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03964+0.033%$611150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+3.453%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0083%4h0.03968+0.122%$98K$306K10xas long as short
Lighter S+0.0096%1h0.03975+0.299%$168K$137K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03962−0.027%$997K$595K5xas long as short
Aster SUSDT+0.0100%4h0.03966+0.064%$46K$142K10xas long as short
Binance SUSDT+0.0100%4h0.03961−0.050%$5.5M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.03960−0.080%$5.7M$4.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03965+0.046%$983K$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.03959−0.105%$322K$183K50xas long as short
MEXC S_USDT+0.0100%4h0.03960−0.080%$3.6M$1.7M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.03963−0.004%$1.8M$2.7M50x
Bitget SUSDT+0.0100%4h0.03967+0.097%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.03961−0.054%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03940−0.584%$22K$464K50xas long as short
Extended S-USDlong+0.0104%1h0.03963long leg$223K$598K10x
Deribit S_USDC-PERPETUAL+0.0254%1h0.03971+0.198%$67K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03952−0.282%$272K$101K75xas long as short
Backpack S_USDC_PERP+0.1876%1h0.03980+0.425%$116K$425K5xas long as short