Settings8H · net · $10k
Funding arb · Price arb /

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0500%/8h= −54.7% APRpaid last 24h −0.095%
Price spread now: KuCoin against Extended−0.791%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,518as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,552as in the Price arb table
costs, in and out, $10k−$1,48214.819% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.356%−$36 on $10k
Price spread, last 4 days (all we have)+0.876%+$88 · spread now −0.791%, 7d avg −0.093%
Together, before fees+0.520%+ Points / potential airdropExtended: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.698% cheaper against Extended than usual: you would sell low and buy high (−$70 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.016410.0600pay 0.0075% / 1h19m 20s$1K$169K5x
ShortKuCoin USUSDTM0.016280.0100get 0.0050% / 4h2h 19m$4.0M$386K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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

Funding earned
−$105
Price spread: −0.791% → −0.093%
−$69.79
Slippage, 4 orders
−$1,464.95
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,656.74
Costs to cover
14.819%
Break-even
never at this rate
Slippage from Extended: live order book, 64 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 64 min ago4.60 bp97.1 bp −$97847.8 bp −$8,478doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago40.77 bp627.3 bp −$627doesn't fitdoesn't fitdoesn't fit

US on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit USUSDT+0.0100%4h0.01643+0.141%$3.2M$933K20xas long as short
Gate US_USDT+0.0100%4h0.01639−0.097%$2.1M$602K20xas long as short
KuCoin USUSDTMshort+0.0100%4h0.01628−0.791%$4.0M$386K20x
Variational Omni US+0.0100%4h0.01645+0.251%$16K$3Kas long as short
Bitget USUSDT+0.0346%4h0.01644+0.172%$4.3M$263K10xas long as short
Aster USUSDT+0.0463%4h0.01641−0.035%$12K$54K5xas long as short
BingX US-USDT+0.0560%4h0.01643+0.105%$1.3Mas long as short
MEXC US_USDT+0.0598%4h0.01641−0.005%$5.5M$115K100xas long as short
BloFin US-USDT+0.0598%4h0.01643+0.105%$479K$49K10xas long as short
Extended US-USDlong+0.0600%1h0.01641long leg$1K$169K5x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance USUSDT+0.0604%4h0.01641+0.023%$9.1M$3.2M10xas long as short