Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended+0.302%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,041as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,038as in the Price arb table

costs, in and out, $10k−$1,05110.515% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.302%, 7d avg +0.165%

Together, before fees+0.016%+ Points / potential airdropExtended: Active · farm board+$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 0.137% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02471	0.0104	pay 0.0013% / 1h	38m 26s	$12K	$175K	10x
Short	KuCoin STABLEUSDTM	0.02478	0.0100	get 0.0050% / 4h	1h 38m	$177K	$27K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.302%Rate

Funding earned: −$0.84
Price spread: +0.302% → +0.165%: $13.71
Slippage, 4 orders: −$1,034.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,038.63
Costs to cover: 10.515%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; KuCoin: live order book, 26 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 Extended live order book, 43 min ago	5.66 bp	40.5 bp −$41	346.2 bp −$3,462	doesn't fit	doesn't fit
Sell KuCoin live order book, 26 min ago	28.26 bp	650.2 bp −$650	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
Aster STABLEUSDT	−0.0248%	4h	0.02470	−0.033%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02483	+0.516%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	+0.018%	$871K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02470	−0.007%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02472	+0.059%	$1.5M	$800K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02470	−0.022%	$203K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02471	+0.018%	$172K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02470	−0.022%	$659K	$155K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02478	+0.302%	$177K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02471	+0.018%	$292K	$117K	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	0.02471	+0.018%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	+0.169%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02471	+0.014%	$1K	$655K	20x	as long as short
BloFin STABLE-USDT	+0.0103%	4h	0.02468	−0.103%	$113K	$7K	75x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02471	long leg	$12K	$175K	10x