Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.050%

Price spread now: KuCoin against Deribit+0.014%7-day average — · you sell dearer than you buy

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

Long on Deribit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2186	0	get 0.0000% / 1h	5m 06s	$28K	$38K	25x
Short	KuCoin ARBUSDTM	0.2187	0.0100	get 0.0100% / 8h	5m 06s	$19.4M	$13.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $21
Price spread: +0.014% → 0.000%: $1.37
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $3.37
Costs to cover: 0.190%
Break-even: 5.9 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 4 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 Deribit no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.46 bp	21.8 bp −$22	45.0 bp −$450	doesn't fit	doesn't fit

Deribit: 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.

ARB on 36 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
Injective ARB/USDC PERP	−0.1612%	1h	0.2173	−0.613%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0192%	1h	0.2185	−0.041%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0070%	8h	0.2184	−0.123%	$21.9M	$144.7M	50x	as long as short
MEXC ARB_USDT	−0.0069%	8h	0.2185	−0.046%	$41.5M	$62.8M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2186	−0.018%	$16K	$409K	10x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2184	−0.087%	$62.7M	$299.1M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2185	−0.060%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2184	−0.097%	$347K	$3.1M	25x	as long as short
Deribit ARB_USDC-PERPETUALlong	0.0000%	1h	0.2186	long leg	$28K	$38K	25x
SoDEX ARB-USD	+0.0004%	1h	0.2185	−0.064%	$9K	$2.2M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2186	−0.013%	$73K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0012%	1h	0.2186	−0.037%	$73K	$2.1M	10x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2185	−0.050%	$5.4M	$18.5M	60x	as long as short
Variational Omni ARB	+0.0025%	8h	0.2184	−0.116%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDT	+0.0027%	8h	0.2184	−0.105%	$53.2M	$125.9M	50x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2186	+0.002%	$510K	$2.7M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2187	+0.044%	$139K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0087%	8h	0.2185	−0.064%	$21.1M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0087%	8h	0.2185	−0.078%	—	$32.9M	—	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2186	−0.006%	$1.1M	$4.3M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2185	−0.073%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2186	−0.009%	$36.6M	$49.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2185	−0.063%	$625K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2185	−0.041%	$43K	$146K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2187	+0.014%	$19.4M	$13.9M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2183	−0.164%	$39K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2183	−0.144%	$464K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2184	−0.110%	$118K	$268K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2187	+0.027%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2187	+0.032%	$293K	$840K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2185	−0.064%	$4.8M	$12.8M	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2185	−0.041%	$2.9M	$2.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2186	−0.035%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2185	−0.079%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2187	+0.027%	$513K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0432%	1h	0.2188	+0.059%	$983K	$2.8M	20x	as long as short