Funding arb · Price arb /

SATS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: OKX against KuCoin+0.179%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,140as in the Price arb table

costs, in and out, $10k−$1,15711.575% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.179%, 7d avg 0.000%

Together, before fees−0.316%−$32 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: OKX is 0.179% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 10000SATSUSDTM	0.00000001227	0.0100	pay 0.0050% / 4h	3h 53m	$218K	$84K	10x
Short	OKX SATS-USDT-SWAP	0.00000001229	0.0100	get 0.0100% / 8h	7h 53m	$831K	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → 0.000%: $17.94
Slippage, 4 orders: −$1,135.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,139.51
Costs to cover: 11.575%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; OKX: live order book, 4 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 KuCoin live order book, 67 min ago	12.23 bp	469.9 bp −$470	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.25 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit

SATS on 8 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
Bitget 1000SATSUSDT	+0.0002%	4h	0.00000001228	+0.081%	$722K	$217K	25x	as long as short
Binance 1000SATSUSDT	+0.0100%	4h	0.00000001227	0.000%	$2.2M	$5.1M	25x	as long as short
Bybit 10000SATSUSDT	+0.0100%	4h	0.00000001228	+0.098%	$283K	$861K	13x	as long as short
OKX SATS-USDT-SWAPshort	+0.0100%	8h	0.00000001229	+0.179%	$831K	$3.0M	10x
Gate SATS_USDT	+0.0100%	4h	0.00000001227	0.000%	$354K	$237K	25x	as long as short
MEXC SATS_USDT	+0.0100%	8h	0.00000001230	+0.244%	$376K	$179K	100x	as long as short
KuCoin 10000SATSUSDTMlong	+0.0100%	4h	0.00000001227	long leg	$218K	$84K	10x
BingX 10000SATS-USDT	+0.0100%	4h	0.00000001228	+0.081%	—	$90.8M	—	as long as short