Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: KuCoin against Extended+0.109%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2372.366% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.109%, 7d avg −0.013%

Together, before fees+0.254%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.122% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.4941	0.0104	pay 0.0013% / 1h	40m 00s	$37K	$235K	10x
Short	KuCoin ARUSDTM	4.4990	0.0100	get 0.0100% / 8h	4h 40m	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.84
Price spread: +0.109% → −0.013%: $12.17
Slippage, 4 orders: −$219.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$225.3
Costs to cover: 2.366%
Break-even: never at this rate

Slippage from Extended: live order book, 17 min ago; KuCoin: live order book, 5 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 Extended live order book, 17 min ago	5.32 bp	27.8 bp −$28	169.4 bp −$1,694	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	5.61 bp	96.6 bp −$97	611.6 bp −$6,116	doesn't fit	doesn't fit

AR 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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5038	+0.216%	$579K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0004%	8h	4.4900	−0.091%	$2.3M	$18.0M	20x	as long as short
ApeX Omni ARUSDT	+0.0010%	1h	4.4660	−0.626%	$19K	$721K	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4993	+0.115%	$4.0M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4977	+0.079%	$26K	$478K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5000	+0.131%	$8.8M	$50.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4995	+0.120%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5020	+0.176%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4960	+0.042%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.4990	+0.109%	$1.2M	$1.2M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.4950	+0.020%	$3.9M	$5.1M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5000	+0.131%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4737	−0.455%	$237K	$246K	—	as long as short
Extended AR-USDlong	+0.0104%	1h	4.4941	long leg	$37K	$235K	10x
BloFin AR-USDT	+0.0220%	8h	4.4820	−0.269%	$427K	$481K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0691%	1h	4.4972	+0.069%	$61K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+0.776%	$548	$3K	5.5x	as long as short