Funding arb · Price arb /

W

all W markets

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 Binance+0.084%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2772.774% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.084%, 7d avg −0.003%

Together, before fees−0.144%−$14 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 0.087% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WUSDT	0.01196	0.0100	pay 0.0050% / 4h	3h 10m	$3.0M	$6.7M	50x
Short	KuCoin WUSDTM	0.01197	0.0100	get 0.0050% / 4h	3h 10m	$457K	$218K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.003%: $8.67
Slippage, 4 orders: −$255.44
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$268.77
Costs to cover: 2.774%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 42 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 Binance live order book, 13 min ago	0.42 bp	27.7 bp −$28	106.3 bp −$1,063	doesn't fit	doesn't fit
Sell KuCoin live order book, 42 min ago	12.62 bp	117.9 bp −$118	537.5 bp −$5,375	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0503%	1h	0.01194	−0.142%	$16K	$2K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.087%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01196	0.000%	$2.0M	$409K	5x	as long as short
Binance WUSDTlong	+0.0100%	4h	0.01196	long leg	$3.0M	$6.7M	50x
Bybit WUSDT	+0.0100%	4h	0.01195	−0.125%	$4.2M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01195	−0.109%	$1.3M	$2.0M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01197	+0.059%	$452K	$284K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01196	−0.008%	$12.9M	$1.5M	50x	as long as short
KuCoin WUSDTMshort	+0.0100%	4h	0.01197	+0.084%	$457K	$218K	50x
Bitget WUSDT	+0.0100%	4h	0.01196	0.000%	$1.3M	$569K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01196	−0.033%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01193	−0.225%	$72K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01194	−0.158%	$132K	$388K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01196	−0.022%	$60K	$240K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0280%	1h	0.01195	−0.059%	$14K	$16K	50x	as long as short
Kraken Futures PF_WUSD	+0.1313%	1h	0.01197	+0.106%	$148K	$181K	20x	as long as short
Backpack W_USDC_PERP	+0.1427%	1h	0.01196	+0.042%	$45K	$47K	15x	as long as short