Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.029%

Price spread now: Arcus against KuCoin−0.040%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2242.239% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.040%, 7d avg −0.090%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.050% dearer against KuCoin than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.090%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BEUSDTM	274.57	0.0100	pay 0.0100% / 8h	7h 54m	$371K	$22K	20x
Short	Arcus BE-USD	274.46	0.0040	get 0.0005% / 1h	54m 29s	$115K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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

Position, each leg$Hold fordaysFee KuCoinbpFee ArcusbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$12.54
Price spread: −0.040% → −0.090%: $5
Slippage, 4 orders: −$207.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$231.44
Costs to cover: 2.239%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; Arcus: live order book, 18 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 KuCoin live order book, 67 min ago	17.20 bp	94.8 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 18 min ago	1.83 bp	5.5 bp −$5	11.2 bp −$112	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	274.49	−0.030%	$345K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.40	−0.062%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.50	−0.025%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.30	+0.266%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.05	+0.175%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.51	−0.022%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.61	+0.015%	$250K	$298K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	274.62	+0.018%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	274.46	−0.040%	$115K	$116K	10x
Vest BE-USD-PERP	+0.0046%	1h	274.70	+0.047%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BE-USD	+0.0088%	1h	274.63	+0.021%	$46K	$266K	10x	as long as short
Binance BEUSDT	+0.0094%	8h	274.76	+0.069%	$8.5M	$36.6M	25x	as long as short
KuCoin BEUSDTMlong	+0.0100%	8h	274.57	long leg	$371K	$22K	20x
Aevo BE-PERP	+0.0104%	1h	274.24	−0.120%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	273.32	−0.455%	$467K	$116K	10x	as long as short
Bybit BEUSDT	+0.0164%	8h	274.61	+0.015%	$2.0M	$1.2M	25x	as long as short
BloFin BE-USDT	+0.0211%	8h	274.86	+0.106%	$45K	$142K	20x	as long as short
OKX BE-USDT-SWAP	+0.0256%	8h	274.76	+0.069%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0443%	1h	274.50	−0.025%	$7K	$4K	10x	as long as short
GRVT BE_USDT_Perp	+0.0488%	8h	274.84	+0.097%	$6K	$182K	10x	as long as short
tradeXYZ xyz:BE	+0.0852%	1h	274.56	−0.004%	$5.9M	$2.9M	10x	as long as short