Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against KuCoin+0.081%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$812as in the Funding arb table

Net, price: spread back to 7d avg − costs−$794as in the Price arb table

costs, in and out, $10k−$8018.009% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days+0.134%+$13 · spread now +0.081%, 7d avg +0.015%

Together, before fees+0.027%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.067% dearer against KuCoin than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.015%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	897.50	0.0100	pay 0.0100% / 8h	6h 59m	$47K	$861K	20x
Short	tradeXYZ xyz:COST	898.23	0.0050	get 0.0006% / 1h	59m 20s	$1.8M	$532K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$10.5
Price spread: +0.081% → +0.015%: $6.68
Slippage, 4 orders: −$770.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$804.73
Costs to cover: 8.009%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; tradeXYZ: live order book, 8 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, 55 min ago	25.07 bp	517.4 bp −$517	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.06 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	898.18	+0.076%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.35	+0.095%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	898.52	+0.114%	$523K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.36	+0.096%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	897.80	+0.033%	$1K	$3.1M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.67	+0.242%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0017%	1h	898.16	+0.074%	$1.1M	$3.0M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.615%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.084%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.00	+0.056%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:COSTshort	+0.0050%	1h	898.23	+0.081%	$1.8M	$532K	20x
OKX COST-USDT-SWAP	+0.0059%	8h	898.40	+0.100%	$444K	$121K	10x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	897.50	long leg	$47K	$861K	20x
Variational Omni COST	+0.0269%	8h	898.37	+0.097%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0416%	8h	898.25	+0.083%	$1.1M	$945K	20x	as long as short