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 OKX0.000%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$925as in the Funding arb table

Net, price: spread back to 7d avg − costs−$928as in the Price arb table

costs, in and out, $10k−$9259.249% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now 0.000%, 7d avg +0.030%

Together, before fees+0.073%+$7 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 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06805	0.0100	pay 0.0050% / 4h	20m 36s	$2.6M	$3.6M	20x
Short	KuCoin BASEDUSDTM	0.06805	0.0100	get 0.0050% / 4h	20m 36s	$570K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.030%: −$2.99
Slippage, 4 orders: −$902.93
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$927.93
Costs to cover: 9.249%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 42 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 OKX live order book, 2 min ago	0.73 bp	19.3 bp −$19	99.4 bp −$994	doesn't fit	doesn't fit
Sell KuCoin live order book, 42 min ago	30.06 bp	444.9 bp −$445	965.6 bp −$9,656	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	+0.0042%	4h	0.06812	+0.103%	$252K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06810	+0.073%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06799	−0.088%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06805	long leg	$2.6M	$3.6M	20x
Gate BASED_USDT	+0.0100%	4h	0.06804	−0.015%	$541K	$538K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06809	+0.059%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06805	0.000%	$570K	$73K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06812	+0.103%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06806	+0.015%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06795	−0.146%	$93K	$21K	—	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	0.06808	+0.041%	$99K	$374K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06798	−0.103%	$2K	$822K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06808	+0.037%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0266%	4h	0.06805	+0.004%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0321%	4h	0.06807	+0.029%	$3K	$652	10x	as long as short