Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.228%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,066as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,080as in the Price arb table

costs, in and out, $10k−$1,06210.623% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.228%, 7d avg −0.055%

Together, before fees+0.194%+$19 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 0.172% cheaper against Binance than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06800	0.0100	pay 0.0050% / 4h	1h 25m	$4.2M	$2.9M	25x
Short	KuCoin BASEDUSDTM	0.06785	0.0100	get 0.0050% / 4h	1h 25m	$569K	$108K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → −0.055%: −$17.25
Slippage, 4 orders: −$1,040.26
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,079.51
Costs to cover: 10.623%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 47 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 Binance live order book, 12 min ago	1.47 bp	21.7 bp −$22	109.3 bp −$1,093	doesn't fit	doesn't fit
Sell KuCoin live order book, 47 min ago	20.67 bp	524.9 bp −$525	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0094%	4h	0.06795	−0.081%	$252K	$37K	25x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06800	long leg	$4.2M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06791	−0.140%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06797	−0.051%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06797	−0.051%	$540K	$526K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06796	−0.066%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06785	−0.228%	$569K	$108K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.037%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06796	−0.066%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06783	−0.262%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06732	−1.005%	$97K	$354K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06801	+0.007%	$1K	$802K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06799	−0.020%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0149%	4h	0.06793	−0.108%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0346%	4h	0.06796	−0.066%	$3K	$652	10x	as long as short