Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | KuCoinOURAUSDTM | 51.630 | +0.0050 | pay 0.0050% / 8h | 5h 18m | $15K | $3.3M | 20x | Long KuCoin |
| SHORT | tradeXYZxyz:OURA | 51.344 | +0.0001 | get 0.0000% / 1h | 18m 11s | $226K | $1.0M | 5x | Short tradeXYZ |
Price gap−0.554%
Funding gap−0.0049% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.686% under its 7d average. Swap the legs.
Funding you earn now−0.0049% /8hpaid last 24h −0.010% · next 11:00 UTC
Price spread now−0.554%7d average +0.132% · you buy dearer than you sell
Net 7d · $10k—Paid 7d −$119h − costs $848 · under 7 days of funding history
Net, price · $10k−$917spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$8488.484% of a $10k position
Funding, last
19 hours, all we have−0.010%−$1 on $10kPrice spread, last 18 hours of 7D (all we have)+0.803%+$80 · now −0.554%, avg +0.132%
Together, before fees+0.793%+$79+ Points / potential airdroptradeXYZ: points · farm boardWith fees, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
tradeXYZ price against KuCoinnow
RANGE STATS · 7D
Now−0.554%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 12 exchanges
lowest funding first| Exchange | Funding /8h | Every | Price | vs long leg | OI | Vol 24h | Lev | KYC | Use as | |
|---|---|---|---|---|---|---|---|---|---|---|
| LighterOURA | −0.0216% · 1h | 1h | 52.395 | +1.482% | $110K | $197K | 5x | No | 52.395 · +1.482% · OI $110K · 5x · KYC No | longshort |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.450 | −0.349% | $1.1M | $566K | 10x | No | 51.450 · −0.349% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | −0.504% | $132K | $1.0M | 20x | Yes | 51.370 · −0.504% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.570 | +1.821% | $601K | $392K | 10x | Yes | 52.570 · +1.821% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.287 | −0.664% | $1.6M | $9.9M | 20x | Yes | 51.287 · −0.664% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.230 | −0.775% | — | $2.2M | 10x | No | 51.230 · −0.775% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | −0.097% | $11K | $393K | 10x | Limited | 51.580 · −0.097% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.344 | −0.554% | $226K | $1.0M | 5x | No | 51.344 · −0.554% · OI $226K · 5x · KYC No | SHORT |
| BloFinOURA-USDT | +0.0042% · 8h | 8h | 51.480 | −0.291% | $46K | $26K | 20x | Limited | 51.480 · −0.291% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.937% | $101K | $73K | 20x | No | 51.146 · −0.937% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.485 | −0.280% | $816K | $3.4M | 20x | Yes | 51.485 · −0.280% · OI $816K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.630 | long leg | $15K | $3.3M | 20x | Yes | 51.630 · long leg · OI $15K · 20x · KYC Yes | LONG |
Before you open
1 ok · 5 to watch- Watch: Thin at this size238.8 / 91.7 bpAt $10k KuCoin’s book costs 238.8 bp to enter, 2.6× tradeXYZ’s.
- Note: Margin at max leverage$500 + $2,000KuCoin 20x, tradeXYZ 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.49Long KuCoin: 3 payments, −$1.50; short tradeXYZ: 24 payments, +$0.02.
- Watch: Gap narrower than usual−0.554% vs +0.132%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$15K vs $226K OIKuCoin sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCKuCoin Yes · tradeXYZ NoStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0043%/8h × 21 periods−$8.99
Price spread−0.554% → +0.132% (7d avg)−$68.57
Slippage, 4 orderslive order books−$818.35
Fee KuCoin bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$925.91
Costs to cover8.484%Break-evennever at this rate
Slippage: KuCoin: live order book, 16 min ago; tradeXYZ: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin39.69238.8 bp−$239doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ58.6591.7 bp−$92doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.