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

S

all S markets
SwapBacktest
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 +0.023%
Price spread now: KuCoin against OKX−0.050%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2522.517% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.167%+$17 on $10k
Price spread, last 7 days−0.103%−$10 · spread now −0.050%, 7d avg −0.061%
Together, before fees+0.064%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.039660.0100pay 0.0050% / 4h3h 16m$984K$3.8M20x
ShortKuCoin SUSDTM0.039640.0100get 0.0050% / 4h3h 16m$1.8M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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: −0.050% → −0.061%
$1.02
Slippage, 4 orders
−$229.75
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$250.73
Costs to cover
2.517%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 5 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 OKX live order book, 1 min ago3.78 bp36.5 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago5.04 bp93.4 bp −$93267.8 bp −$2,678doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.4512%1h0.03840−3.177%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.2251%1h0.03957−0.219%$33K$13K10xas long as short
Coinbase International S-PERP-INTX−0.1344%1h0.03927−0.983%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03969+0.066%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03967+0.034%$415xas long as short
Variational Omni S−0.0001%4h0.03960−0.156%$614K$30Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03968+0.049%$612150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+3.379%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0081%4h0.03968+0.050%$98K$291K10xas long as short
Lighter S+0.0096%1h0.03971+0.126%$168K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03966−0.010%$993K$590K5xas long as short
Aster SUSDT+0.0100%4h0.03971+0.136%$46K$142K10xas long as short
Binance SUSDT+0.0100%4h0.03970+0.110%$5.5M$13.8M75xas long as short
Bybit SUSDT+0.0100%4h0.03964−0.050%$5.7M$4.5M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.03966long leg$984K$3.8M20x
Gate S_USDT+0.0100%4h0.03967+0.025%$323K$191K50xas long as short
MEXC S_USDT+0.0100%4h0.03967+0.025%$3.6M$1.7M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.03964−0.050%$1.8M$2.7M50x
Bitget SUSDT+0.0100%4h0.03970+0.101%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.03968+0.050%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03960−0.151%$24K$463K50xas long as short
Extended S-USD+0.0104%1h0.03969+0.073%$224K$593K10xas long as short
BloFin S-USDT+0.0340%4h0.03960−0.151%$272K$102K75xas long as short
Deribit S_USDC-PERPETUAL+0.1010%1h0.03974+0.202%$67K$10K10xas long as short
Backpack S_USDC_PERP+0.1390%1h0.03970+0.101%$115K$423K5xas long as short