Funding arb · Price arb /

S

all S markets

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: Binance against KuCoin+0.049%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2562.558% of the position

Long on KuCoin Short on Binance

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+0.098%+$10 · spread now +0.049%, 7d avg +0.086%

Together, before fees+0.067%+$7 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: Binance is 0.037% cheaper against KuCoin than usual: you would sell low and buy high, −$4 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	KuCoin SUSDTM	0.04052	0.0100	pay 0.0050% / 4h	1h 13m	$1.8M	$2.8M	50x
Short	Binance SUSDT	0.04054	0.0100	get 0.0050% / 4h	1h 13m	$5.7M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.086%: −$3.71
Slippage, 4 orders: −$233.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$259.48
Costs to cover: 2.558%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 12 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 KuCoin live order book, 4 min ago	3.72 bp	110.8 bp −$111	423.8 bp −$4,238	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.47 bp	21.8 bp −$22	66.0 bp −$660	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	−0.7776%	1h	0.03940	−2.764%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2380%	1h	0.04050	−0.041%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−2.246%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04056	+0.096%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04061	+0.212%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04054	+0.056%	$625	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.185%	$2K	$37K	12x	as long as short
Variational Omni S	+0.0050%	4h	0.04044	−0.203%	$627K	$22K	—	as long as short
Orderly PERP_S_USDC	+0.0085%	4h	0.04054	+0.049%	$101K	$588K	10x	as long as short
Lighter S	+0.0096%	1h	0.04057	+0.123%	$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	0.04054	+0.037%	$1.0M	$580K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04055	+0.078%	$48K	$110K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.04054	+0.049%	$5.7M	$13.5M	75x
Bybit SUSDT	+0.0100%	4h	0.04049	−0.074%	$5.8M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04054	+0.049%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04051	−0.025%	$330K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04053	+0.025%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04052	long leg	$1.8M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04056	+0.099%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04054	+0.049%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04060	+0.197%	$24K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04052	+0.002%	$234K	$396K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04056	+0.099%	$279K	$116K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0490%	1h	0.04056	+0.099%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1831%	1h	0.04060	+0.197%	$118K	$426K	5x	as long as short