Funding arb · Price arb /

STABLE

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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 0.000%

Price spread now: KuCoin against Binance+0.238%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$520as in the Funding arb table

Net, price: spread back to 7d avg − costs−$521as in the Price arb table

costs, in and out, $10k−$5305.302% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.238%, 7d avg +0.145%

Together, before fees+0.025%+$2 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: KuCoin is 0.092% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02526	0.0100	pay 0.0050% / 4h	4m 46s	$2.5M	$2.7M	75x
Short	KuCoin STABLEUSDTM	0.02532	0.0100	get 0.0050% / 4h	4m 46s	$181K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.238%Rate

Funding earned: $0
Price spread: +0.238% → +0.145%: $9.24
Slippage, 4 orders: −$508.17
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$520.93
Costs to cover: 5.302%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; KuCoin: live order book, 49 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 Binance live order book, 16 min ago	3.97 bp	30.1 bp −$30	103.6 bp −$1,036	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	16.04 bp	235.2 bp −$235	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02538	+0.487%	$117K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02527	+0.032%	$892K	$228K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02526	−0.015%	$19K	$6K	20x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02526	long leg	$2.5M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02526	0.000%	$1.5M	$785K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02526	0.000%	$207K	$430K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02526	0.000%	$176K	$89K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02525	−0.040%	$674K	$157K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02532	+0.238%	$181K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02524	−0.079%	$295K	$115K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02526	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02527	+0.046%	$148K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02523	−0.115%	$2K	$698K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02524	−0.060%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0158%	4h	0.02522	−0.158%	$114K	$7K	75x	as long as short