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 OKX+0.162%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,011as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,027as in the Price arb table

costs, in and out, $10k−$1,03610.356% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.162%, 7d avg +0.072%

Together, before fees+0.242%+$24 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 0.090% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02476	0.0100	pay 0.0050% / 4h	2h 26m	$204K	$418K	20x
Short	KuCoin STABLEUSDTM	0.02480	0.0100	get 0.0050% / 4h	2h 26m	$175K	$27K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.162%Rate

Funding earned: $0
Price spread: +0.162% → +0.072%: $9
Slippage, 4 orders: −$1,013.62
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,026.63
Costs to cover: 10.356%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; KuCoin: live order book, 52 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 OKX live order book, 59 min ago	6.06 bp	32.3 bp −$32	1345.7 bp −$13.5K	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	24.17 bp	638.0 bp −$638	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	−0.0284%	4h	0.02475	−0.033%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02490	+0.582%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02475	−0.040%	$872K	$235K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02476	−0.018%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02477	+0.061%	$1.5M	$818K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02476	long leg	$204K	$418K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02474	−0.081%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02476	0.000%	$661K	$158K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02480	+0.162%	$175K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02478	+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	0.02477	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02478	+0.076%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02477	+0.024%	$2K	$646K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02475	−0.020%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0117%	4h	0.02474	−0.081%	$114K	$8K	75x	as long as short