Funding arb · Price arb / Crypto
USELESS
All USELESS markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2376 | +0.1112 | pay 0.0139% / 1h | 34m 25s | $249K | $350K | 10x | Long Arcus5% off | |
| SHORT | 0.2373 | +0.0496 | get 0.0248% / 4h | 1h 34m | $5.1M | $19.8M | 10x | Short KuCoin |
Price gap−0.109%
Funding gap−0.0616% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 4 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$72−0.0616% /8h now · paid −0.720% over the last 6 days (all we have)
Price+$3spread −0.109% now, avg −0.140% → +0.030% if it goes back
Costs−$870.869% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.109%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size12.4 / 33.8 bpAt $10k entering KuCoin costs 33.8 bp, fee and slippage, 2.7× Arcus’s.
- Note: Margin at max leverage$1,000 + $1,000Arcus 10x, KuCoin 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$18.49Long Arcus: 24 payments, −$33.37; short KuCoin: 6 payments, +$14.88.
- OK: Entry gap works for you−0.109% vs −0.140%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$249K vs $5.1M OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCArcus No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0419%/8h × 21 periods−$88.06
Price spread−0.109% → −0.140% (7d avg)+$3.01
Slippage, 4 orderslive order books−$70.37
Fee Arcus bp × 2 orders−$4.50
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$171.92
Costs to cover0.869%Break-evennever at this rate
Slippage: Arcus: live order book, 47 min ago; KuCoin: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus4.1812.4 bp−$1237.9 bp−$379doesn’t fitdoesn’t fit
SELL · SHORTKuCoin4.4233.8 bp−$34700.8 bp−$7,008doesn’t fitdoesn’t fit
Closing costs about the same again.
Nado