Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.014%

Price spread now: Extended against KuCoin+0.066%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2702.704% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.066%, 7d avg +0.013%

Together, before fees−0.284%+ Points / potential airdropExtended: Active · farm board−$28 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: Extended is 0.053% dearer against KuCoin than usual: you sell high and buy low, +$5 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	KuCoin ARUSDTM	4.2400	0.0100	pay 0.0100% / 8h	2h 05m	$1.1M	$1.3M	50x
Short	Extended AR-USD	4.2428	0.0104	get 0.0013% / 1h	5m 54s	$36K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0.84
Price spread: +0.066% → +0.013%: $5.3
Slippage, 4 orders: −$253.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$264.22
Costs to cover: 2.704%
Break-even: 2208.8 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 41 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 KuCoin live order book, 4 min ago	5.89 bp	107.6 bp −$108	916.2 bp −$9,162	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	6.67 bp	27.1 bp −$27	248.9 bp −$2,489	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
Kraken Futures PF_ARUSD	−0.0910%	1h	4.2342	−0.136%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2417	+0.040%	$545K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2477	+0.182%	$3.5M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2448	+0.114%	$42K	$462K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2432	+0.076%	$8.4M	$52.8M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2410	+0.024%	$4.2M	$9.4M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2430	+0.071%	$2.2M	$17.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2370	−0.071%	$2.0M	$3.5M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2440	+0.094%	$5.9M	$4.3M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.2400	long leg	$1.1M	$1.3M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2400	0.000%	$3.7M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2410	+0.024%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2388	−0.029%	$240K	$629K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2470	+0.165%	$20K	$716K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.2428	+0.066%	$36K	$243K	10x
BloFin AR-USDT	+0.0220%	8h	4.2380	−0.047%	$404K	$461K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+4.340%	$2K	$5K	5.5x	as long as short