Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended+0.371%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$805as in the Funding arb table

Net, price: spread back to 7d avg − costs−$796as in the Price arb table

costs, in and out, $10k−$8168.161% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.371%, 7d avg +0.173%

Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$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 0.198% dearer against Extended than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.173%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02443	0.0104	pay 0.0013% / 1h	48m 46s	$12K	$232K	10x
Short	KuCoin STABLEUSDTM	0.02452	0.0100	get 0.0050% / 4h	2h 48m	$178K	$29K	30x

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

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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 +0.371%Rate

Funding earned: −$0.84
Price spread: +0.371% → +0.173%: $19.77
Slippage, 4 orders: −$799.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$797.2
Costs to cover: 8.161%
Break-even: never at this rate

Slippage from Extended: live order book, 62 min ago; KuCoin: live order book, 7 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, 62 min ago	4.10 bp	36.8 bp −$37	374.0 bp −$3,740	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	2.04 bp	466.6 bp −$467	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02457	+0.579%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02443	+0.010%	$858K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02446	+0.110%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02444	+0.025%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02447	+0.150%	$1.5M	$775K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02443	+0.002%	$207K	$421K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02443	+0.002%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02443	+0.002%	$585K	$160K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02452	+0.371%	$178K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02446	+0.125%	$281K	$93K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02444	+0.043%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02449	+0.230%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02443	+0.023%	$1K	$905K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02443	long leg	$12K	$232K	10x
BloFin STABLE-USDT	+0.0152%	4h	0.02447	+0.166%	$114K	$7K	75x	as long as short