Funding arb · Price arb /

S

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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 +0.044%

Price spread now: KuCoin against OKX+0.051%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2762.755% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.051%, 7d avg −0.065%

Together, before fees+0.014%+$1 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 0.115% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX S-USDT-SWAP	0.03925	0.0100	pay 0.0050% / 4h	2h 21m	$977K	$7.3M	20x
Short	KuCoin SUSDTM	0.03927	0.0100	get 0.0050% / 4h	2h 21m	$1.8M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.065%: $11.55
Slippage, 4 orders: −$253.53
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$263.98
Costs to cover: 2.755%
Break-even: never at this rate

Slippage from OKX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.28 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.56 bp	108.8 bp −$109	252.5 bp −$2,525	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	−0.1452%	1h	0.03930	+0.132%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.522%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0986%	4h	0.03913	−0.309%	$607K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0190% / S +0.0184%	1h	0.03932	+0.183%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03925	−0.005%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0015%	4h	0.03931	+0.153%	$101K	$337K	10x	as long as short
Deribit S_USDC-PERPETUAL	−0.0004%	1h	0.03932	+0.178%	$66K	$10K	10x	as long as short
Aster SUSDT	−0.0002%	4h	0.03932	+0.169%	$43K	$212K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03920	−0.127%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03931	+0.160%	$606	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.459%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03932	+0.178%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03928	+0.069%	$991K	$898K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03926	+0.036%	$5.4M	$23.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03922	−0.076%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAPlong	+0.0100%	4h	0.03925	long leg	$977K	$7.3M	20x
Gate S_USDT	+0.0100%	4h	0.03921	−0.102%	$321K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03926	+0.025%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.03927	+0.051%	$1.8M	$3.1M	50x
Bitget SUSDT	+0.0100%	4h	0.03927	+0.051%	$1.2M	$3.0M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03925	0.000%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	+0.127%	$25K	$471K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03925	+0.007%	$221K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03916	−0.229%	$267K	$158K	75x	as long as short
Backpack S_USDC_PERP	+0.0359%	1h	0.03930	+0.127%	$114K	$291K	5x	as long as short