Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against tradeXYZ−0.113%7-day average −0.011% · you buy dearer than you sell

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

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days−0.035%−$3 · spread now −0.113%, 7d avg −0.011%

Together, before fees+0.072%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.102% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.011%). If the spread goes back, that is −$10 on $10k: about 6.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	902.72	0.0050	pay 0.0006% / 1h	7m 14s	$1.8M	$517K	20x
Short	KuCoin COSTUSDTM	901.70	0.0100	get 0.0100% / 8h	2h 07m	$47K	$898K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.113%Rate

Funding earned: $10.5
Price spread: −0.113% → −0.011%: −$10.19
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.69
Costs to cover: 0.300%
Break-even: 26.8 days

Slippage unknown: tradeXYZ: live order book, 10 min ago; KuCoin: live order book, 22 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 tradeXYZ live order book, 10 min ago	0.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 22 min ago	35.00 bp	449.4 bp −$449	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	902.94	+0.024%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.99	+0.029%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.94	+0.024%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.18	+0.051%	$443K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.71	−0.001%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	903.00	+0.031%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.80	+0.009%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.80	−0.102%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.95	+0.247%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	902.73	+0.001%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.190%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.495%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.74	+0.002%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	902.72	long leg	$1.8M	$517K	20x
KuCoin COSTUSDTMshort	+0.0100%	8h	901.70	−0.113%	$47K	$898K	20x