Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.044%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2692.693% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.044%, 7d avg +0.026%

Together, before fees+0.113%+ Points / potential airdropExtended: Active · farm board+$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 0.070% cheaper against Extended than usual: you would sell low and buy high, −$7 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	Extended IO-USD	0.1511	0.0104	pay 0.0013% / 1h	1m 45s	$3K	$125K	5x
Short	KuCoin IOUSDTM	0.1510	0.0100	get 0.0050% / 4h	3h 01m	$359K	$677K	50x

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

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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$0.84
Price spread: −0.044% → +0.026%: −$7
Slippage, 4 orders: −$252.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$277.14
Costs to cover: 2.693%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; KuCoin: 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 Extended live order book, 4 min ago	6.57 bp	55.0 bp −$55	478.1 bp −$4,781	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	6.60 bp	63.0 bp −$63	377.3 bp −$3,773	doesn't fit	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1510	−0.018%	$1.0M	$383K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1511	−0.005%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1511	+0.050%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1510	−0.044%	$1.1M	$904K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1508	−0.170%	$237K	$556K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1509	−0.110%	$1.1M	$235K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1510	−0.044%	$359K	$677K	50x
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.022%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1510	−0.044%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1520	+0.599%	$33K	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USDlong	+0.0104%	1h	0.1511	long leg	$3K	$125K	5x
BloFin IO-USDT	+0.0123%	4h	0.1517	+0.419%	$141K	$32K	50x	as long as short
Injective IO/USDC PERP	+0.0414%	1h	0.1517	+0.419%	$2K	$202	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.0622%	1h	0.1517	+0.423%	$39K	$18K	10x	as long as short