Funding arb · Price arb /

TRUTH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0342%/8h= −37.4% APRpaid last 24h +0.037%

Price spread now: Extended against KuCoin+0.043%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,699as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,703as in the Price arb table

costs, in and out, $10k−$1,69316.930% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.043%, 7d avg +0.147%

Together, before fees+0.040%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.147%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUTHUSDTM	0.01360	0.0966	pay 0.0483% / 4h	3h 58m	$1.0M	$50K	10x
Short	Extended TRUTH-USD	0.01360	0.0624	get 0.0078% / 1h	58m 44s	$4K	$180K	5x

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

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 ExtendedbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$71.82
Price spread: +0.043% → +0.147%: −$10.39
Slippage, 4 orders: −$1,675.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,775.17
Costs to cover: 16.930%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Extended: live order book, 58 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, 6 min ago	16.19 bp	938.1 bp −$938	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 58 min ago	5.53 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit

TRUTH on 10 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
Bybit TRUTHUSDT	+0.0100%	4h	0.01363	+0.272%	$1.3M	$422K	20x	as long as short
Aster TRUTHUSDT	+0.0359%	4h	0.01361	+0.087%	$36K	$6K	5x	as long as short
Gate TRUTH_USDT	+0.0414%	4h	0.01360	−0.007%	$423K	$52K	20x	as long as short
Extended TRUTH-USDshort	+0.0624%	1h	0.01360	+0.043%	$4K	$180K	5x
MEXC TRUTH_USDT	+0.0624%	4h	0.01360	+0.051%	$11.8M	$131K	20x	as long as short
Binance TRUTHUSDT	+0.0625%	4h	0.01361	+0.064%	$4.4M	$1.5M	20x	as long as short
BloFin TRUTH-USDT	+0.0632%	4h	0.01360	+0.015%	$198K	$12K	50x	as long as short
KuCoin TRUTHUSDTMlong	+0.0966%	4h	0.01360	long leg	$1.0M	$50K	10x
BingX TRUTH-USDT	+0.1612%	4h	0.01362	+0.206%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAP	+0.1709%	4h	0.01366	+0.456%	$226K	$336K	10x	as long as short