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: Extended against KuCoin+0.067%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$819as in the Funding arb table

Net, price: spread back to 7d avg − costs−$817as in the Price arb table

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

Long on KuCoin Short on Extended

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)−0.016%−$2 · spread now +0.067%, 7d avg +0.033%

Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.034% dearer against KuCoin than usual: you sell high and buy low, +$3 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	KuCoin HUSDTM	0.06805	0.0100	pay 0.0050% / 4h	2h 46m	$1.6M	$10.1M	8x
Short	Extended H-USD	0.06810	0.0104	get 0.0013% / 1h	46m 30s	$9K	$97K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0.84
Price spread: +0.067% → +0.033%: $3.41
Slippage, 4 orders: −$803.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$816.24
Costs to cover: 8.205%
Break-even: 6809.0 days

Slippage from KuCoin: live order book, 7 min ago; Extended: live order book, 52 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, 7 min ago	2.93 bp	319.0 bp −$319	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 52 min ago	2.94 bp	83.6 bp −$84	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	−8.156%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0053%	4h	0.06803	−0.029%	$588K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06814	+0.129%	$111K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06811	+0.092%	$14.6M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06797	−0.118%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06817	+0.176%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06797	−0.118%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06811	+0.088%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06805	long leg	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06814	+0.132%	$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	0.06806	+0.015%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06808	+0.041%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06823	+0.265%	$1.1M	$441K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06810	+0.067%	$9K	$97K	5x