Settings8H · net · $10k
Funding arb · Price arb /

ON

all ON markets
SwapBacktest
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 0.000%
Price spread now: KuCoin against Binance−0.190%7-day average −0.319% · you buy dearer than you sell
Net, funding: paid 7d − costs−$817as in the Funding arb table
Net, price: spread back to 7d avg − costs−$787as in the Price arb table
costs, in and out, $10k−$8007.998% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.168%−$17 on $10k
Price spread, last 7 days−0.630%−$63 · spread now −0.190%, 7d avg −0.319%
Together, before fees−0.798%−$80 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 0.129% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.319%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ONUSDT0.12600.0100pay 0.0050% / 4h45m 37s$5.6M$4.1M50x
ShortKuCoin ONUSDTM0.12580.0100get 0.0050% / 4h45m 37s$680K$30K50x

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

Funding earned
$0
Price spread: −0.190% → −0.319%
$12.86
Slippage, 4 orders
−$777.79
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$786.93
Costs to cover
7.998%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago3.96 bp38.3 bp −$38243.6 bp −$2,436doesn't fitdoesn't fit
Sell KuCoin live order book, 51 min ago21.55 bp408.9 bp −$409doesn't fitdoesn't fitdoesn't fit

ON on 8 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ONUSDTlong+0.0100%4h0.1260long leg$5.6M$4.1M50x
Gate ON_USDT+0.0100%4h0.1256−0.302%$278K$24K5xas long as short
MEXC ON_USDT+0.0100%4h0.1259−0.079%$1.4M$569K50xas long as short
KuCoin ONUSDTMshort+0.0100%4h0.1258−0.190%$680K$30K50x
BingX ON-USDT+0.0100%4h0.1261+0.079%$6.6Mas long as short
Variational Omni ON+0.0100%4h0.1259−0.065%$24K$1Kas long as short
edgeX ONUSDC+0.0107%4h0.1257−0.226%$8K$130K10xas long as short
Aster ONUSDT+0.0213%4h0.1258−0.159%$412K$32K5xas long as short