Funding arb · Price arb /

STABLE

all STABLE markets

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: Binance against KuCoin−0.211%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,019as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,015as in the Price arb table

costs, in and out, $10k−$1,00910.085% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.211%, 7d avg −0.143%

Together, before fees−0.084%−$8 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 0.068% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02478	0.0100	pay 0.0050% / 4h	2h 35m	$175K	$27K	30x
Short	Binance STABLEUSDT	0.02473	0.0100	get 0.0050% / 4h	2h 35m	$2.4M	$2.7M	75x

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 −0.211%Rate

Funding earned: $0
Price spread: −0.211% → −0.143%: −$6.79
Slippage, 4 orders: −$986.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,015.32
Costs to cover: 10.085%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; Binance: live order book, 15 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, 44 min ago	24.17 bp	331.9 bp −$332	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.02 bp	19.1 bp −$19	83.4 bp −$834	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	−0.0321%	4h	0.02471	−0.282%	$19K	$7K	20x	as long as short
Bybit STABLEUSDT	+0.0017%	4h	0.02478	−0.016%	$1.5M	$819K	25x	as long as short
Hyperliquid STABLE	+0.0031%	1h	0.02473	−0.218%	$872K	$235K	3x	as long as short
Lighter STABLE	+0.0096%	1h	0.02489	+0.444%	$114K	$3K	3x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02473	−0.211%	$2.4M	$2.7M	75x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02474	−0.161%	$204K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02473	−0.202%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02473	−0.202%	$660K	$157K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02478	long leg	$175K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02476	−0.081%	$292K	$116K	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	0.02474	−0.161%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	−0.104%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	−0.141%	$2K	$646K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02473	−0.214%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0141%	4h	0.02475	−0.121%	$114K	$8K	75x	as long as short