Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Extended−0.076%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$822as in the Funding arb table

Net, price: spread back to 7d avg − costs−$825as in the Price arb table

costs, in and out, $10k−$8208.205% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.076%, 7d avg −0.033%

Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 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 Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06804	0.0104	pay 0.0013% / 1h	46m 08s	$9K	$97K	5x
Short	KuCoin HUSDTM	0.06799	0.0100	get 0.0050% / 4h	2h 46m	$1.6M	$10.1M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$0.84
Price spread: −0.076% → −0.033%: −$4.36
Slippage, 4 orders: −$803.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$825.7
Costs to cover: 8.205%
Break-even: never at this rate

Slippage from Extended: live order book, 52 min ago; KuCoin: live order book, 7 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 Extended live order book, 52 min ago	2.94 bp	78.2 bp −$78	545.2 bp −$5,452	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	2.93 bp	339.7 bp −$340	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	−8.145%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0053%	4h	0.06803	−0.018%	$588K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06810	+0.078%	$111K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06810	+0.085%	$14.6M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06788	−0.238%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06802	−0.032%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06795	−0.135%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06802	−0.032%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06799	−0.076%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06797	−0.106%	$1.7M	$446K	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	0.06795	−0.135%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06785	−0.278%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06823	+0.276%	$1.1M	$441K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06804	long leg	$9K	$97K	5x