Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against OKX+0.040%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,954as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,982as in the Price arb table

costs, in and out, $10k−$1,97919.787% of the position

Long on OKX Short on KuCoin

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)+0.196%+$20 · spread now +0.040%, 7d avg +0.069%

Together, before fees+0.442%+$44 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 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02488	0.0100	pay 0.0050% / 4h	3h 30m	$205K	$421K	20x
Short	KuCoin STABLEUSDTM	0.02489	0.0100	get 0.0050% / 4h	3h 30m	$175K	$27K	30x

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

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.069%: −$2.92
Slippage, 4 orders: −$1,956.66
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,981.59
Costs to cover: 19.787%
Break-even: never at this rate

Slippage from OKX: live order book, 15 min ago; KuCoin: live order book, 9 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 OKX live order book, 15 min ago	4.04 bp	33.1 bp −$33	1375.0 bp −$13.7K	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	18.11 bp	638.4 bp −$638	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
Aster STABLEUSDT	−0.0051%	4h	0.02485	−0.121%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0082%	4h	0.02489	+0.040%	$115K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02499	+0.442%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02487	−0.056%	$878K	$236K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02487	−0.052%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02487	−0.040%	$1.5M	$816K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02488	long leg	$205K	$421K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02487	−0.040%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02486	−0.080%	$569K	$147K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02489	+0.040%	$175K	$27K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02486	−0.080%	$291K	$122K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02486	−0.080%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02484	−0.159%	$146K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02489	+0.032%	$2K	$636K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02487	−0.053%	$12K	$175K	10x	as long as short