Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.200%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$887as in the Funding arb table

Net, price: spread back to 7d avg − costs−$874as in the Price arb table

costs, in and out, $10k−$8628.621% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.200%, 7d avg −0.083%

Together, before fees−0.151%−$15 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: OKX is 0.117% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02498	0.0100	pay 0.0050% / 4h	2h 17m	$185K	$30K	30x
Short	OKX STABLE-USDT-SWAP	0.02493	0.0100	get 0.0050% / 4h	2h 17m	$201K	$415K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → −0.083%: −$11.72
Slippage, 4 orders: −$840.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$873.8
Costs to cover: 8.621%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; OKX: live order book, 48 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, 12 min ago	6.00 bp	304.7 bp −$305	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 48 min ago	7.99 bp	37.2 bp −$37	2001.4 bp −$20.0K	doesn't fit	doesn't fit

STABLE on 14 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	0.02505	+0.260%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02491	−0.292%	$878K	$202K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02491	−0.279%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02491	−0.280%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02495	−0.124%	$1.5M	$776K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02493	−0.200%	$201K	$415K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02492	−0.240%	$174K	$70K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02491	−0.280%	$609K	$176K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02498	long leg	$185K	$30K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02492	−0.240%	$292K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02493	−0.200%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02495	−0.119%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02490	−0.336%	$1K	$817K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02491	−0.285%	$12K	$144K	10x	as long as short