Funding arb · Price arb /

SPACE

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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 −0.133%

Price spread now: Binance against KuCoin+0.216%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$712as in the Funding arb table

Net, price: spread back to 7d avg − costs−$685as in the Price arb table

costs, in and out, $10k−$6956.953% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.216%, 7d avg +0.109%

Together, before fees−0.264%−$26 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 0.107% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPACEUSDTM	0.005099	0.0100	pay 0.0050% / 4h	3m 13s	$643K	$104K	20x
Short	Binance SPACEUSDT	0.005110	0.0100	get 0.0050% / 4h	3m 13s	$1.9M	$2.0M	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.216%Rate

Funding earned: $0
Price spread: +0.216% → +0.109%: $10.72
Slippage, 4 orders: −$673.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$684.62
Costs to cover: 6.953%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Binance: live order book, 16 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, 60 min ago	12.90 bp	251.7 bp −$252	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.96 bp	30.7 bp −$31	159.7 bp −$1,597	doesn't fit	doesn't fit

SPACE on 9 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
Binance SPACEUSDTshort	+0.0100%	4h	0.005110	+0.216%	$1.9M	$2.0M	50x
Bybit SPACEUSDT	+0.0100%	4h	0.005097	−0.039%	$784K	$165K	13x	as long as short
OKX SPACE-USDT-SWAP	+0.0100%	4h	0.005090	−0.177%	$1.5M	$1.2M	20x	as long as short
MEXC SPACE_USDT	+0.0100%	4h	0.005111	+0.235%	$371K	$154K	20x	as long as short
KuCoin SPACEUSDTMlong	+0.0100%	4h	0.005099	long leg	$643K	$104K	20x
Bitget SPACEUSDT	+0.0100%	4h	0.005091	−0.157%	$889K	$236K	20x	as long as short
BloFin SPACE-USDT	+0.0109%	4h	0.005106	+0.137%	$158K	$8K	50x	as long as short
Gate SPACE_USDT	+0.0216%	4h	0.005089	−0.196%	$767K	$429K	20x	as long as short
Aster SPACEUSDT	+0.0892%	4h	0.005101	+0.039%	$15K	$30K	5x	as long as short