Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.015%7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$865as in the Funding arb table

Net, price: spread back to 7d avg − costs−$838as in the Price arb table

costs, in and out, $10k−$8548.540% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now −0.015%, 7d avg −0.177%

Together, before fees−0.471%+ Points / potential airdropExtended: Active · farm board−$47 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: Extended is 0.163% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02475	0.0100	pay 0.0050% / 4h	3h 22m	$185K	$27K	30x
Short	Extended STABLE-USD	0.02475	0.0104	get 0.0013% / 1h	22m 27s	$12K	$215K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.84
Price spread: −0.015% → −0.177%: $16.27
Slippage, 4 orders: −$837.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$836.91
Costs to cover: 8.540%
Break-even: 6981.3 days

Slippage from KuCoin: live order book, 68 min ago; Extended: live order book, 9 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, 68 min ago	14.32 bp	547.8 bp −$548	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 9 min ago	5.69 bp	35.5 bp −$36	343.5 bp −$3,435	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
BloFin STABLE-USDT	+0.0051%	4h	0.02472	−0.121%	$115K	$11K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02484	+0.372%	$114K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02476	+0.032%	$870K	$163K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02472	−0.107%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02476	+0.045%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02479	+0.162%	$1.6M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02474	−0.040%	$212K	$451K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02473	−0.081%	$178K	$57K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02475	0.000%	$599K	$160K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02475	long leg	$185K	$27K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02476	+0.040%	$285K	$89K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02476	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02463	−0.484%	$144K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02472	−0.125%	$2K	$959K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02475	−0.015%	$12K	$215K	10x