Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.9324%/8h= −1021.0% APRpaid last 24h −2.200%

Price spread now: 01 Exchange against KuCoin−3.128%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$280 a day on $10k at the current rate, and 01 Exchange is 3.128% cheaper against KuCoin than usual: you would sell low and buy high (−$313 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.03964	0.0100	pay 0.0050% / 4h	2h 54m	$1.8M	$2.7M	50x
Short	01 Exchange SUSD	0.03840	−0.9224	pay 0.1153% / 1h	54m 38s	$24K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −3.128%Rate

Funding earned: −$1,958.04
Price spread: −3.128% → 0.000%: −$312.82
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2,289.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 7 min ago	6.32 bp	93.7 bp −$94	573.2 bp −$5,732	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 SUSDshort	−0.9224%	1h	0.03840	−3.128%	$24K	$2K	5x
Kraken Futures PF_SUSD	−0.1838%	1h	0.03956	−0.199%	$32K	$14K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03929	−0.883%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03963	−0.023%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03959	−0.117%	$4	—	15x	as long as short
Variational Omni S	−0.0097%	4h	0.03955	−0.219%	$614K	$29K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03964	0.000%	$611	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.431%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03963	−0.025%	$98K	$317K	10x	as long as short
Lighter S	+0.0096%	1h	0.03970	+0.151%	$168K	$137K	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	0.03967	+0.078%	$998K	$587K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03968	+0.108%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03968	+0.090%	$5.5M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03960	−0.101%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03967	+0.076%	$983K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03959	−0.126%	$322K	$183K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03968	+0.101%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.03964	long leg	$1.8M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.03970	+0.151%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03964	0.000%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03980	+0.404%	$22K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03962	−0.053%	$223K	$598K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0254%	1h	0.03969	+0.126%	$67K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03952	−0.303%	$272K	$101K	75x	as long as short
Backpack S_USDC_PERP	+0.1639%	1h	0.03970	+0.151%	$115K	$425K	5x	as long as short