Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX+0.447%7-day average +0.097% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.447%, 7d avg +0.097%

Together, before fees−0.528%−$53 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 0.350% dearer against SunX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02503	0.0100	pay 0.0050% / 4h	3h 15m	$1K	$789K	20x
Short	KuCoin STABLEUSDTM	0.02514	0.0100	get 0.0050% / 4h	3h 15m	$186K	$30K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.447%Rate

Funding earned: $0
Price spread: +0.447% → +0.097%: $35.02
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $15.02
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 36 min ago; KuCoin: 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 SunX live order book, 36 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	1.98 bp	232.7 bp −$233	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	+0.0087%	4h	0.02507	+0.168%	$116K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02518	+0.591%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02505	+0.104%	$883K	$210K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02507	+0.154%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02505	+0.069%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02508	+0.204%	$1.5M	$765K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02505	+0.088%	$204K	$429K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02506	+0.128%	$174K	$72K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02504	+0.048%	$622K	$171K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02514	+0.447%	$186K	$30K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02504	+0.048%	$293K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02505	+0.088%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02508	+0.192%	$147K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02503	long leg	$1K	$789K	20x
Extended STABLE-USD	+0.0104%	1h	0.02504	+0.047%	$12K	$144K	10x	as long as short