Funding arb · Price arb /

ATH

all ATH markets

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: Binance against KuCoin0.000%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$530as in the Funding arb table

Net, price: spread back to 7d avg − costs−$537as in the Price arb table

costs, in and out, $10k−$5315.314% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now 0.000%, 7d avg +0.052%

Together, before fees−0.224%−$22 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: Binance is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATHUSDTM	0.005505	0.0100	pay 0.0050% / 4h	3h 48m	$556K	$79K	30x
Short	Binance ATHUSDT	0.005505	0.0100	get 0.0050% / 4h	3h 48m	$3.3M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.052%: −$5.21
Slippage, 4 orders: −$509.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$536.57
Costs to cover: 5.314%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; Binance: live order book, 4 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, 25 min ago	12.73 bp	242.3 bp −$242	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.81 bp	29.7 bp −$30	97.8 bp −$978	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.2142%	1h	0.005497	−0.151%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0091%	4h	0.005508	+0.046%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005503	−0.035%	$11K	$58	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005504	−0.023%	$5K	$42K	5x	as long as short
Binance ATHUSDTshort	+0.0100%	4h	0.005505	0.000%	$3.3M	$4.3M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005493	−0.218%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005489	−0.291%	$704K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005491	−0.254%	$786K	$584K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005508	+0.054%	$8.9M	$644K	50x	as long as short
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005505	long leg	$556K	$79K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005504	−0.018%	$1.6M	$897K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005498	−0.127%	—	$21.6M	—	as long as short
BloFin ATH-USDT	+0.0107%	4h	0.005514	+0.163%	$165K	$68K	75x	as long as short