Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against Binance−0.033%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2492.493% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days−0.114%−$11 · spread now −0.033%, 7d avg −0.086%

Together, before fees−0.083%−$8 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 0.053% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.04050	0.0100	pay 0.0050% / 4h	1h 25m	$5.7M	$13.6M	75x
Short	KuCoin SUSDTM	0.04049	0.0100	get 0.0050% / 4h	1h 25m	$1.8M	$2.8M	50x

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

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.086%: $5.31
Slippage, 4 orders: −$227.32
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$244.01
Costs to cover: 2.493%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 2 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 Binance live order book, 15 min ago	1.23 bp	26.6 bp −$27	85.9 bp −$859	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.17 bp	94.7 bp −$95	224.2 bp −$2,242	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.7792%	1h	0.03950	−2.478%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2382%	1h	0.04047	−0.093%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−2.206%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04055	+0.122%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04052	+0.031%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04052	+0.041%	$625	—	150x	as long as short
Variational Omni S	+0.0017%	4h	0.04047	−0.088%	$628K	$23K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.226%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0086%	4h	0.04050	−0.009%	$101K	$583K	10x	as long as short
Lighter S	+0.0096%	1h	0.04054	+0.090%	$173K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04047	−0.070%	$1.0M	$595K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04052	+0.031%	$48K	$110K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.04050	long leg	$5.7M	$13.6M	75x
Bybit SUSDT	+0.0100%	4h	0.04044	−0.157%	$5.8M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04048	−0.058%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04051	+0.016%	$330K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04049	−0.033%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.04049	−0.033%	$1.8M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04050	−0.009%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04049	−0.033%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04050	−0.009%	$23K	$491K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04049	−0.045%	$234K	$459K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04053	+0.065%	$279K	$116K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0491%	1h	0.04052	+0.041%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1755%	1h	0.04060	+0.238%	$118K	$426K	5x	as long as short