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

W

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against KuCoin+0.252%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$413as in the Funding arb table
Net, price: spread back to 7d avg − costs−$378as in the Price arb table
costs, in and out, $10k−$4054.052% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$8 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.252%, 7d avg −0.021%
Together, before fees−0.102%+ Points / potential airdropExtended: Active · farm board−$10 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: Extended is 0.273% dearer against KuCoin than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WUSDTM0.011680.0100pay 0.0050% / 4h2h 28m$414K$217K50x
ShortExtended W-USD0.011710.0104get 0.0013% / 1h28m 19s$59K$276K5x

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
$0.84
Price spread: +0.252% → −0.021%
$27.32
Slippage, 4 orders
−$388.23
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$377.08
Costs to cover
4.052%
Break-even
3149.3 days
Slippage from KuCoin: live order book, 53 min ago; Extended: live order book, 59 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, 53 min ago4.26 bp158.0 bp −$158368.3 bp −$3,683doesn't fitdoesn't fit
Sell Extended live order book, 59 min ago1.70 bp68.9 bp −$69363.7 bp −$3,637doesn't fitdoesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL−0.0177%1h0.01171+0.283%$17K$1K10xas long as short
OKX W-USDT-SWAP+0.0009%4h0.01170+0.180%$1.3M$2.1M20xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+3.510%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01171+0.257%$2.0M$461K5xas long as short
Binance WUSDT+0.0100%4h0.01171+0.265%$3.0M$7.6M50xas long as short
Bybit WUSDT+0.0100%4h0.01170+0.128%$4.1M$2.0M50xas long as short
Gate W_USDT+0.0100%4h0.01169+0.051%$443K$301K75xas long as short
MEXC W_USDT+0.0100%4h0.01171+0.248%$12.8M$1.7M50xas long as short
KuCoin WUSDTMlong+0.0100%4h0.01168long leg$414K$217K50x
Bitget WUSDT+0.0100%4h0.01171+0.257%$1.2M$573K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01171+0.231%$6.9Mas long as short
Backpack W_USDC_PERP+0.0100%1h0.01171+0.265%$43K$47K15xas long as short
Variational Omni W+0.0100%4h0.01167−0.056%$71K$42Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01169+0.126%$122K$409K10xas long as short
Extended W-USDshort+0.0104%1h0.01171+0.252%$59K$276K5x
Coinbase International W-PERP-INTX+0.0296%1h0.01172+0.317%$14K$18K50xas long as short
Kraken Futures PF_WUSD+0.0620%1h0.01174+0.515%$145K$185K20xas long as short