Funding arb · Price arb /

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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 0.000%

Price spread now: KuCoin against HTX−0.126%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.126% cheaper against HTX than usual: you would sell low and buy high, −$13 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	HTX WDC-USDT	443.43	0.0100	pay 0.0100% / 8h	12m 10s	$33K	$8K	20x
Short	KuCoin WDCUSDTM	442.87	0.0100	get 0.0100% / 8h	12m 10s	$273K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → 0.000%: −$12.63
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.63
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 20 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 HTX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 20 min ago	17.15 bp	127.9 bp −$128	doesn't fit	doesn't fit	doesn't fit

HTX: 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.

WDC on 17 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 WDCUSDT	−0.0391%	8h	443.09	−0.077%	$1.1M	$1.1M	20x	as long as short
edgeX WDCUSDC	−0.0199%	4h	442.76	−0.152%	$49K	$231K	10x	as long as short
BloFin WDC-USDT	−0.0018%	8h	443.25	−0.041%	$140K	$95K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	442.88	−0.125%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	442.80	−0.141%	$5K	$189K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	442.95	−0.108%	$7.3M	$25.4M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	443.06	−0.083%	$1.9M	$711K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	443.23	−0.045%	$2.0M	$4.3M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	443.00	−0.097%	$1.9M	$2.5M	50x	as long as short
Lighter WDC	+0.0032%	1h	442.85	−0.131%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WDC_USDT_Perp	+0.0032%	8h	442.93	−0.113%	$527	$146K	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	442.76	−0.151%	$2.3M	$2.1M	10x	as long as short
QFEX WDC-USD	+0.0059%	1h	442.90	−0.120%	$1.1M	$3.0M	10x	as long as short
KuCoin WDCUSDTMshort	+0.0100%	8h	442.87	−0.126%	$273K	$52K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.91	−0.117%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.90	−0.120%	—	$2.4M	10x	as long as short
HTX WDC-USDTlong	+0.0100%	8h	443.43	long leg	$33K	$8K	20x