Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0201%/8hpaid last 24h +0.048%

Price spread now: KuCoin against Reya+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.049% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SRUSDPERP	0.03903	−0.0101	get 0.0013% / 1h	22m 17s	$4	—	15x
Short	KuCoin SUSDTM	0.03905	0.0100	get 0.0050% / 4h	22m 17s	$1.8M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Reya. 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 ReyabpFee KuCoinbpOrdersPrice spread, now +0.049%Rate

Funding earned: $42.26
Price spread: +0.049% → 0.000%: $4.9
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $29.16
Costs to cover: 0.180%
Break-even: 2.2 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	2.56 bp	78.4 bp −$78	204.7 bp −$2,047	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_SUSD	−0.2129%	1h	0.03904	+0.021%	$33K	$41K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1488%	1h	0.03826	−1.975%	$47K	$9K	25x	as long as short
Variational Omni S	−0.1460%	4h	0.03892	−0.285%	$606K	$116K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03909	+0.146%	$1K	—	100x	as long as short
Aster SUSDT	−0.0144%	4h	0.03910	+0.176%	$42K	$255K	10x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.03903	long leg	$4	—	15x
OKX S-USDT-SWAP	−0.0095%	4h	0.03902	−0.028%	$974K	$11.5M	20x	as long as short
Orderly PERP_S_USDC	−0.0049%	4h	0.03906	+0.075%	$104K	$326K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03909	+0.149%	$602	—	150x	as long as short
01 Exchange SUSD	+0.0024%	1h	0.03900	−0.079%	$24K	$3K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+5.045%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03910	+0.177%	$164K	$278K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03905	+0.046%	$994K	$1.2M	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03905	+0.049%	$5.3M	$36.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03899	−0.105%	$5.6M	$8.6M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03900	−0.079%	$319K	$345K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03906	+0.075%	$3.7M	$3.4M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.03905	+0.049%	$1.8M	$3.5M	50x
Bitget SUSDT	+0.0100%	4h	0.03905	+0.049%	$1.2M	$4.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03903	−0.002%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03890	−0.335%	$25K	$485K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03903	−0.007%	$219K	$908K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0262%	1h	0.03911	+0.203%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03898	−0.130%	$274K	$257K	75x	as long as short
Backpack S_USDC_PERP	+0.0534%	1h	0.03910	+0.177%	$114K	$262K	5x	as long as short