Settings8H · net · $10k
Funding arb · Price arb /

DKNG

RWAall DKNG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.078%
Price spread now: KuCoin against tradeXYZ−0.213%7-day average +0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.331%+$33 on $10k
Price spread, last 4 days (all we have)+0.358%+$36 · spread now −0.213%, 7d avg +0.100%
Together, before fees+0.689%+ Points / potential airdroptradeXYZ: Active · farm board+$69 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.313% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of +0.100%). If the spread goes back, that is −$31 on $10k: about 21 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.331% in total) that is about 6.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:DKNG22.0970.0050pay 0.0006% / 1h3m 28s$1.8M$2.1M10x
ShortKuCoin DKNGUSDTM22.0500.0100get 0.0100% / 8h3m 28s$90K$395K20x

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

Funding earned
$10.5
Price spread: −0.213% → +0.100%
−$31.28
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$50.78
Costs to cover
0.300%
Break-even
40.9 days
Slippage unknown: tradeXYZ: live order book, 4 min ago; KuCoin: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 4 min ago2.49 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 30 min ago13.60 bp356.3 bp −$356doesn't fitdoesn't fitdoesn't fit

DKNG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DKNGUSDT0.0000%8h22.059−0.173%$1K$11K20xas long as short
Bybit DKNGUSDT0.0000%8h22.080−0.077%$83K$78K25xas long as short
OKX DKNG-USDT-SWAP0.0000%8h22.080−0.077%$115K$107K20xas long as short
Gate DKNG_USDT0.0000%8h22.078−0.086%$109K$8K20xas long as short
Bitget DKNGUSDT0.0000%8h22.054−0.195%$125K$61K20xas long as short
Variational Omni DKNG0.0000%8h22.092−0.023%$78K$51Kas long as short
SunX DKNG-USDT0.0000%8h22.080−0.077%$611K10xas long as short
HTX DKNG-USDT0.0000%8h22.070−0.122%$6K$4K10xas long as short
Injective DKNG/USDC PERP+0.0033%1h21.990−0.484%$707$6K12xas long as short
tradeXYZ xyz:DKNGlong+0.0050%1h22.097long leg$1.8M$2.1M10x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DKNGUSDT+0.0097%8h22.095−0.008%$293K$620K20xas long as short
KuCoin DKNGUSDTMshort+0.0100%8h22.050−0.213%$90K$395K20x