Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.012%

Price spread now: KuCoin against Extended+0.044%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2712.709% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.044%, 7d avg −0.004%

Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 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 0.048% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended S-USD	0.04052	0.0104	pay 0.0013% / 1h	38m 59s	$233K	$1.1M	10x
Short	KuCoin SUSDTM	0.04054	0.0100	get 0.0050% / 4h	38m 59s	$1.9M	$2.7M	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% → −0.004%: $4.76
Slippage, 4 orders: −$253.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$267.01
Costs to cover: 2.709%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; KuCoin: live order book, 3 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	7.38 bp	41.2 bp −$41	247.6 bp −$2,476	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.70 bp	106.7 bp −$107	223.3 bp −$2,233	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	−0.8712%	1h	0.03970	−2.029%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2520%	1h	0.04051	−0.018%	$34K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.04022	−0.746%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04059	+0.160%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04054	+0.046%	$4	—	15x	as long as short
Variational Omni S	−0.0051%	4h	0.04048	−0.110%	$627K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04057	+0.117%	$3K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.179%	$2K	$37K	12x	as long as short
ApeX Omni SUSDT	+0.0042%	1h	0.04050	−0.055%	$25K	$456K	50x	as long as short
Orderly PERP_S_USDC	+0.0061%	4h	0.04055	+0.068%	$101K	$300K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04059	+0.167%	$171K	$154K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04058	+0.145%	$1.0M	$548K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04059	+0.171%	$44K	$130K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04052	−0.006%	$5.6M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04050	−0.055%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04055	+0.068%	$1.1M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04059	+0.167%	$333K	$187K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04055	+0.068%	$3.9M	$1.8M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.04054	+0.044%	$1.9M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.04057	+0.118%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04055	+0.068%	—	$6.8M	—	as long as short
Extended S-USDlong	+0.0104%	1h	0.04052	long leg	$233K	$1.1M	10x
BloFin S-USDT	+0.0340%	4h	0.04060	+0.192%	$281K	$98K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0736%	1h	0.04060	+0.192%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0967%	1h	0.04060	+0.192%	$118K	$401K	5x	as long as short