Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against KuCoin+0.058%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2312.307% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.076%+$8 · spread now +0.058%, 7d avg +0.088%

Together, before fees+0.045%+$4 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 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04069	0.0100	pay 0.0050% / 4h	47m 26s	$1.9M	$2.7M	50x
Short	Binance SUSDT	0.04071	0.0100	get 0.0050% / 4h	47m 26s	$5.6M	$13.7M	75x

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 +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.088%: −$3.05
Slippage, 4 orders: −$208.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$233.78
Costs to cover: 2.307%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 8 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, 4 min ago	6.13 bp	73.4 bp −$73	338.9 bp −$3,389	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.66 bp	25.2 bp −$25	77.0 bp −$770	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
01 Exchange SUSD	−0.9368%	1h	0.03970	−2.433%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2515%	1h	0.04059	−0.241%	$34K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.04022	−1.155%	$48K	$16K	25x	as long as short
ApeX Omni SUSDT	−0.0324%	1h	0.04060	−0.221%	$25K	$454K	50x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04074	+0.130%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04068	−0.022%	$4	—	15x	as long as short
Variational Omni S	−0.0101%	4h	0.04080	+0.265%	$633K	$31K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04073	+0.096%	$3K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.762%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0058%	4h	0.04070	+0.025%	$101K	$307K	10x	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	0.04071	+0.049%	$171K	$154K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04069	−0.005%	$1.0M	$549K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04067	−0.045%	$45K	$130K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.04071	+0.058%	$5.6M	$13.7M	75x
Bybit SUSDT	+0.0100%	4h	0.04068	−0.025%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04069	0.000%	$1.1M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04067	−0.049%	$333K	$187K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04072	+0.074%	$3.9M	$1.7M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04069	long leg	$1.9M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.04074	+0.123%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04069	0.000%	—	$6.7M	—	as long as short
Extended S-USD	+0.0104%	1h	0.04066	−0.069%	$233K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0241%	1h	0.04072	+0.074%	$68K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04058	−0.270%	$282K	$98K	75x	as long as short
Backpack S_USDC_PERP	+0.0723%	1h	0.04080	+0.270%	$119K	$395K	5x	as long as short