Funding arb · Price arb /

S

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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 −0.011%

Price spread now: OKX against KuCoin+0.117%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$312as in the Funding arb table

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2962.958% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.117%, 7d avg +0.055%

Together, before fees−0.128%−$13 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: OKX is 0.063% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04257	0.0100	pay 0.0050% / 4h	3h 47m	$2.0M	$2.8M	50x
Short	OKX S-USDT-SWAP	0.04262	0.0100	get 0.0050% / 4h	3h 47m	$1.2M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.055%: $6.27
Slippage, 4 orders: −$273.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$289.51
Costs to cover: 2.958%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; OKX: live order book, 5 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, 10 min ago	8.13 bp	107.7 bp −$108	351.7 bp −$3,517	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.69 bp	30.1 bp −$30	doesn't fit	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	−0.2670%	1h	0.04251	−0.152%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04238	−0.446%	$52K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04265	+0.176%	$1K	—	100x	as long as short
Variational Omni S	−0.0114%	4h	0.04280	+0.535%	$660K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04261	+0.084%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04265	+0.188%	$72K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04263	+0.141%	$657	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−3.688%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0077%	4h	0.04264	+0.164%	$106K	$620K	10x	as long as short
Lighter S	+0.0096%	1h	0.04263	+0.141%	$183K	$99K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04268	+0.256%	$1.1M	$710K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04268	+0.260%	$46K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04266	+0.211%	$6.2M	$16.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04258	+0.023%	$6.1M	$4.8M	50x	as long as short
OKX S-USDT-SWAPshort	+0.0100%	4h	0.04262	+0.117%	$1.2M	$4.8M	20x
Gate S_USDT	+0.0100%	4h	0.04261	+0.094%	$356K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04266	+0.211%	$4.4M	$2.2M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04257	long leg	$2.0M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04269	+0.282%	$1.3M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04264	+0.164%	—	$6.9M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.04270	+0.305%	$100K	$472K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04280	+0.540%	$25K	$508K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04257	−0.008%	$236K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04264	+0.164%	$313K	$121K	75x	as long as short
01 Exchange SUSD	+0.5400%	1h	0.04350	+2.185%	$27K	$2K	5x	as long as short