Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against OKX+0.030%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$802as in the Funding arb table

Net, price: spread back to 7d avg − costs−$814as in the Price arb table

costs, in and out, $10k−$8198.191% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.030%, 7d avg −0.026%

Together, before fees+0.176%+$18 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 0.055% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06744	0.0100	pay 0.0050% / 4h	1h 45m	$1.7M	$6.0M	10x
Short	KuCoin HUSDTM	0.06746	0.0100	get 0.0050% / 4h	1h 45m	$1.6M	$10.2M	8x

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 +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.026%: $5.53
Slippage, 4 orders: −$797.05
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$813.52
Costs to cover: 8.191%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 1 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, 5 min ago	0.74 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	2.97 bp	386.7 bp −$387	doesn't fit	doesn't fit	doesn't fit

H on 14 exchanges

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	−7.325%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06735	−0.138%	$106K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06736	−0.119%	$14.2M	$10.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06728	−0.237%	$7.4M	$5.1M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06744	long leg	$1.7M	$6.0M	10x
Gate H_USDT	+0.0100%	4h	0.06734	−0.148%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06736	−0.119%	$6.0M	$1.0M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06746	+0.030%	$1.6M	$10.2M	8x
Bitget HUSDT	+0.0100%	4h	0.06748	+0.059%	$1.7M	$406K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06738	−0.089%	—	$2.7M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06729	−0.218%	$9K	$2K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06740	−0.059%	$1.1M	$400K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06745	+0.007%	$9K	$203K	5x	as long as short
BloFin H-USDT	+0.0115%	4h	0.06741	−0.044%	$584K	$100K	25x	as long as short