Funding arb · Price arb /

H

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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 −0.017%

Price spread now: KuCoin against Binance−0.122%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$977as in the Funding arb table

Net, price: spread back to 7d avg − costs−$980as in the Price arb table

costs, in and out, $10k−$9759.752% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.125%+$13 · spread now −0.122%, 7d avg −0.078%

Together, before fees+0.106%+$11 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 0.044% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06990	0.0100	pay 0.0050% / 4h	41m 47s	$15.0M	$10.5M	10x
Short	KuCoin HUSDTM	0.06982	0.0100	get 0.0050% / 4h	41m 47s	$1.6M	$10.1M	8x

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 −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.078%: −$4.39
Slippage, 4 orders: −$953.16
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$979.55
Costs to cover: 9.752%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 2 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, 14 min ago	0.71 bp	44.6 bp −$45	295.0 bp −$2,950	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	8.59 bp	447.4 bp −$447	doesn't fit	doesn't fit	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−10.593%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0087%	4h	0.06985	−0.079%	$592K	$116K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06990	−0.002%	$116K	$53K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06990	long leg	$15.0M	$10.5M	10x
Bybit HUSDT	+0.0100%	4h	0.06981	−0.132%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06996	+0.079%	$1.7M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06974	−0.236%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06986	−0.064%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06982	−0.122%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06967	−0.336%	$1.7M	$451K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06991	+0.007%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06989	−0.020%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06996	+0.079%	$1.2M	$445K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06987	−0.045%	$11K	$107K	5x	as long as short