Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.013%

Price spread now: KuCoin against Coinbase International+0.432%7-day average +0.256% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2272.268% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.421%−$42 · spread now +0.432%, 7d avg +0.256%

Together, before fees−0.438%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.176% dearer against Coinbase International than usual: you sell high and buy low (spread +0.432% now, against its 7-day average of +0.256%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.017% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	273.32	0.0128	pay 0.0016% / 1h	53m 55s	$467K	$112K	10x
Short	KuCoin BEUSDTM	274.50	0.0100	get 0.0100% / 8h	7h 53m	$371K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.432%Rate

Funding earned: −$5.88
Price spread: +0.432% → +0.256%: $17.61
Slippage, 4 orders: −$204.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$215.08
Costs to cover: 2.268%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 19 min ago; KuCoin: live order book, 68 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 Coinbase International live order book, 19 min ago	2.19 bp	8.8 bp −$9	19.5 bp −$195	doesn't fit	doesn't fit
Sell KuCoin live order book, 68 min ago	17.20 bp	114.3 bp −$114	doesn't fit	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.48	+0.426%	$345K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.50	+0.432%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.50	+0.432%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.30	+0.724%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.05	+0.633%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.51	+0.435%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.60	+0.468%	$250K	$298K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	274.62	+0.476%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.46	+0.417%	$115K	$116K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.70	+0.505%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BEUSDT	+0.0094%	8h	274.69	+0.502%	$8.5M	$36.6M	25x	as long as short
Extended BE-USD	+0.0096%	1h	274.59	+0.465%	$46K	$266K	10x	as long as short
KuCoin BEUSDTMshort	+0.0100%	8h	274.50	+0.432%	$371K	$22K	20x
Aevo BE-PERP	+0.0104%	1h	274.24	+0.336%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0128%	1h	273.32	long leg	$467K	$112K	10x
Bybit BEUSDT	+0.0164%	8h	274.61	+0.472%	$2.0M	$1.2M	25x	as long as short
BloFin BE-USDT	+0.0211%	8h	274.86	+0.563%	$45K	$142K	20x	as long as short
OKX BE-USDT-SWAP	+0.0255%	8h	274.76	+0.527%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0333%	1h	274.69	+0.501%	$7K	$4K	10x	as long as short
GRVT BE_USDT_Perp	+0.0488%	8h	274.84	+0.555%	$6K	$182K	10x	as long as short
tradeXYZ xyz:BE	+0.0798%	1h	274.54	+0.446%	$5.9M	$2.9M	10x	as long as short