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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1156%/8h= +126.6% APRnext payment +$5.78 per $10,000 · paid last 24h +0.322%
Price spread now: KuCoin against Variational Omni+0.485%7-day average +0.094% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.586%+$59 on $10k
Price spread, last 3 days (all we have)−0.867%−$87 · spread now +0.485%, 7d avg +0.094%
Together, before fees−0.281%+ Points / potential airdropVariational Omni: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and KuCoin is 0.390% dearer against Variational Omni than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni S0.03927−0.1056get 0.0528% / 4h2m 35s$611K$31K
ShortKuCoin SUSDTM0.039460.0100get 0.0050% / 4h2m 35s$1.8M$2.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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
$242.81
Price spread: +0.485% → +0.094%
$39.04
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$269.85
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 11 min ago; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 11 min ago5.10 bpdoesn't fit114.7 bp −$1,147doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago3.81 bp107.6 bp −$108285.1 bp −$2,851doesn'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−0.6104%1h0.03840−2.215%$23K$2K5xas long as short
Kraken Futures PF_SUSD−0.2116%1h0.03941+0.351%$33K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1336%1h0.03826−2.571%$47K$5K25xas long as short
Variational Omni Slong−0.1056%4h0.03927long leg$611K$31K
GMX S/USD [WBTC.b-USDC]L −0.0205% / S +0.0197%1h0.03951+0.614%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03945+0.451%$415xas long as short
Deribit S_USDC-PERPETUAL−0.0003%1h0.03949+0.561%$66K$10K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03950+0.595%$609150xas long as short
Orderly PERP_S_USDC+0.0025%4h0.03947+0.510%$101K$337K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.406%$2K$37K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03949+0.561%$165K$217K5xas long as short
Hyperliquid S+0.0100%1h0.03944+0.434%$988K$664K5xas long as short
Aster SUSDT+0.0100%4h0.03949+0.559%$43K$142K10xas long as short
Binance SUSDT+0.0100%4h0.03944+0.434%$5.4M$16.7M75xas long as short
Bybit SUSDT+0.0100%4h0.03940+0.332%$5.6M$5.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03943+0.408%$984K$4.8M20xas long as short
Gate S_USDT+0.0100%4h0.03938+0.281%$321K$259K50xas long as short
MEXC S_USDT+0.0100%4h0.03943+0.408%$3.6M$1.9M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.03946+0.485%$1.8M$2.9M50x
Bitget SUSDT+0.0100%4h0.03945+0.459%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.03942+0.383%$6.7Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.03950+0.586%$115K$313K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.03940+0.332%$25K$448K50xas long as short
Extended S-USD+0.0104%1h0.03942+0.377%$221K$877K10xas long as short
BloFin S-USDT+0.0340%4h0.03935+0.204%$265K$125K75xas long as short