Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0628%/8h= −68.8% APRpaid last 24h +2.237%

Price spread now: KuCoin against 01 Exchange+0.406%56s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.406% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.406% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 2.2 days. 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	01 Exchange SUSD	0.03940	0.0728	pay 0.0091% / 1h	57m 39s	$24K	$2K	5x
Short	KuCoin SUSDTM	0.03956	0.0100	get 0.0050% / 4h	3h 57m	$1.8M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.406%Rate

Funding earned: −$131.88
Price spread: +0.406% → 0.000%: $40.61
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$110.27
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 9 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	2.51 bp	85.9 bp −$86	202.5 bp −$2,025	doesn't fit	doesn't fit

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
Kraken Futures PF_SUSD	−0.2258%	1h	0.03946	+0.142%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−0.305%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03948	+0.198%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03944	+0.092%	$4	—	15x	as long as short
Variational Omni S	−0.0043%	4h	0.03942	+0.059%	$612K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03946	+0.152%	$608	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.061%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0073%	4h	0.03951	+0.279%	$98K	$272K	10x	as long as short
Lighter S	+0.0096%	1h	0.03961	+0.533%	$166K	$155K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03957	+0.439%	$988K	$583K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.03959	+0.485%	$44K	$132K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03960	+0.512%	$5.5M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03954	+0.355%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03958	+0.457%	$997K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03949	+0.228%	$322K	$188K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03959	+0.482%	$3.7M	$1.7M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.03956	+0.406%	$1.8M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.03960	+0.508%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03956	+0.406%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.761%	$24K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03955	+0.372%	$222K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03949	+0.228%	$270K	$99K	75x	as long as short
01 Exchange SUSDlong	+0.0728%	1h	0.03940	long leg	$24K	$2K	5x
Deribit S_USDC-PERPETUAL	+0.1015%	1h	0.03957	+0.431%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1757%	1h	0.03970	+0.761%	$115K	$424K	5x	as long as short