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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.161%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,279as in the Price arb table
costs, in and out, $10k−$1,25512.548% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.117%−$12 on $10k
Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.161%, 7d avg +0.079%
Together, before fees+0.195%+$19 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: Binance is 0.240% cheaper against KuCoin than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 10000SATSUSDTM0.000000012390.0100pay 0.0050% / 4h2h 54m$198K$90K10x
ShortBinance 1000SATSUSDT0.000000012370.0100get 0.0050% / 4h2h 54m$2.2M$5.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: −0.161% → +0.079%
−$24.01
Slippage, 4 orders
−$1,232.82
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$1,278.83
Costs to cover
12.548%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago4.04 bp674.5 bp −$675doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago4.02 bp29.6 bp −$30188.7 bp −$1,887doesn't fitdoesn't fit

SATS on 8 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
Binance 1000SATSUSDTshort+0.0100%4h0.00000001237−0.161%$2.2M$5.6M25x
Bybit 10000SATSUSDT+0.0100%4h0.00000001238−0.065%$288K$898K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001237−0.153%$816K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001236−0.242%$363K$258K25xas long as short
MEXC SATS_USDT+0.0100%8h0.000000012390.000%$387K$186K100xas long as short
KuCoin 10000SATSUSDTMlong+0.0100%4h0.00000001239long leg$198K$90K10x
Bitget 1000SATSUSDT+0.0100%4h0.00000001238−0.081%$719K$249K25xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001238−0.081%$5.8Mas long as short