Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin−0.257%54s7-day average −0.113% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 4 days (all we have)+0.467%+$47 · spread now −0.257%, 7d avg −0.113%

Together, before fees+0.613%+$61 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: SunX is 0.144% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.113%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02492	0.0100	pay 0.0050% / 4h	3h 13m	$186K	$27K	30x
Short	SunX STABLE-USDT	0.02486	0.0100	get 0.0050% / 4h	3h 13m	$2K	$967K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.257%Rate

Funding earned: $0
Price spread: −0.257% → −0.113%: −$14.42
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.42
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; SunX: live order book, 29 min ago. Net counts fees only.

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, 7 min ago	8.05 bp	542.2 bp −$542	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 29 min ago	498.58 bp	doesn't fit	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
BloFin STABLE-USDT	+0.0061%	4h	0.02482	−0.401%	$114K	$11K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02498	+0.233%	$115K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02487	−0.189%	$874K	$163K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02487	−0.198%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02489	−0.138%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02491	−0.032%	$1.6M	$766K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02491	−0.040%	$212K	$453K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02489	−0.120%	$179K	$57K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02487	−0.201%	$602K	$161K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02492	long leg	$186K	$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	0.02487	−0.201%	$286K	$87K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02490	−0.080%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02489	−0.135%	$146K	$8K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02486	−0.257%	$2K	$967K	20x
Extended STABLE-USD	+0.0104%	1h	0.02487	−0.204%	$12K	$211K	10x	as long as short