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: Extended against KuCoin+0.771%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,446as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,414as 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)−0.856%−$86 · spread now +0.771%, 7d avg +0.093%
Together, before fees−0.500%+ Points / potential airdropExtended: Active · farm board−$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Extended is 0.678% dearer against KuCoin than usual: you sell high and buy low: +$68 more if the spread goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUSDTM0.016280.0100pay 0.0050% / 4h2h 18m$4.0M$386K20x
ShortExtended US-USD0.016400.0600get 0.0075% / 1h18m 39s$1K$169K5x

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

Funding earned
$105
Price spread: +0.771% → +0.093%
$67.77
Slippage, 4 orders
−$1,464.95
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1,309.18
Costs to cover
14.819%
Break-even
94.3 days
Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 64 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 KuCoin live order book, 4 min ago40.77 bp622.0 bp −$622doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 64 min ago4.60 bp135.6 bp −$136doesn'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%4h0.01642+0.916%$3.2M$933K20xas long as short
Gate US_USDT+0.0100%4h0.01639+0.737%$2.1M$603K20xas long as short
KuCoin USUSDTMlong+0.0100%4h0.01628long leg$4.0M$386K20x
Variational Omni US+0.0100%4h0.01645+1.088%$16K$3Kas long as short
Bitget USUSDT+0.0340%4h0.01644+0.995%$4.3M$263K10xas long as short
Aster USUSDT+0.0464%4h0.01640+0.758%$12K$54K5xas long as short
BloFin US-USDT+0.0553%4h0.01641+0.805%$478K$49K10xas long as short
BingX US-USDT+0.0560%4h0.01642+0.909%$1.3Mas long as short
Extended US-USDshort+0.0600%1h0.01640+0.771%$1K$169K5x
MEXC US_USDT+0.0602%4h0.01641+0.817%$5.5M$115K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance USUSDT+0.0605%4h0.01641+0.829%$9.1M$3.2M10xas long as short