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: KuCoin against SunX+0.337%7-day average +0.105% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.337%, 7d avg +0.105%

Together, before fees−0.525%−$53 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 0.231% dearer against SunX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02466	0.0100	pay 0.0050% / 4h	14m 35s	$1K	$858K	20x
Short	KuCoin STABLEUSDTM	0.02474	0.0100	get 0.0050% / 4h	14m 35s	$179K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.337%Rate

Funding earned: $0
Price spread: +0.337% → +0.105%: $23.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $3.13
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; KuCoin: live order book, 66 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 SunX live order book, 8 min ago	500.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	6.00 bp	222.2 bp −$222	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	0.02481	+0.625%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02466	+0.028%	$866K	$186K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02466	+0.022%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02467	+0.053%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02468	+0.085%	$1.5M	$771K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02469	+0.134%	$195K	$393K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02468	+0.093%	$175K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02467	+0.053%	$590K	$163K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02474	+0.337%	$179K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02471	+0.215%	$283K	$90K	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	0.02467	+0.053%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02468	+0.096%	$145K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02466	long leg	$1K	$858K	20x
Extended STABLE-USD	+0.0104%	1h	0.02466	+0.003%	$12K	$133K	10x	as long as short
BloFin STABLE-USDT	+0.0154%	4h	0.02468	+0.093%	$86K	$7K	75x	as long as short