Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: KuCoin against Orderly−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.025% cheaper against Orderly than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_COIN_USDC_mythos	196.74	0.0100	pay 0.0100% / 8h	3h 18m	$569	$4K	10x
Short	KuCoin COINUSDTM	196.69	0.0100	get 0.0100% / 8h	3h 18m	$992K	$143K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	13.50 bp	76.2 bp −$76	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 26 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
Bitget COINUSDT	−0.0732%	8h	196.81	+0.036%	$6.2M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.73	−0.005%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0221%	8h	196.72	−0.010%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0107%	1h	196.20	−0.274%	—	$262K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.62	−0.063%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.64	−0.053%	$121K	$657K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.71	−0.015%	$14.7M	$80.3M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.67	−0.036%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.75	+0.005%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.75	+0.005%	$683K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.74	+0.002%	$12K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.76	+0.010%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.62	−0.061%	$454K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.76	+0.010%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.55	−0.097%	$15.3M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.66	−0.041%	$133K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.74	0.000%	$89	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.59	−0.076%	$359K	$2.7M	10x	as long as short
Lighter COIN	+0.0064%	1h	196.66	−0.042%	$385K	$2.1M	10x	as long as short
KuCoin COINUSDTMshort	+0.0100%	8h	196.69	−0.025%	$992K	$143K	20x
ApeX Omni COINUSDT	+0.0100%	1h	196.62	−0.061%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythoslong	+0.0100%	8h	196.74	long leg	$569	$4K	10x
Aevo COIN-PERP	+0.0104%	1h	196.75	+0.006%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.76	+0.010%	$188K	$393K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.78	+0.020%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0864%	4h	196.61	−0.066%	$51K	$295K	10x	as long as short