Funding arb · Price arb /

UB

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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 −0.010%

Price spread now: KuCoin against Binance−0.185%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$310as in the Price arb table

costs, in and out, $10k−$2972.970% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.171%+$17 · spread now −0.185%, 7d avg −0.060%

Together, before fees+0.218%+$22 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 0.125% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBUSDT	0.1473	0.0100	pay 0.0050% / 4h	3h 31m	$3.2M	$16.4M	50x
Short	KuCoin UBUSDTM	0.1471	0.0100	get 0.0050% / 4h	3h 31m	$1.0M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.060%: −$12.48
Slippage, 4 orders: −$275.03
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$309.5
Costs to cover: 2.970%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 15 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 Binance live order book, 15 min ago	0.68 bp	23.0 bp −$23	205.8 bp −$2,058	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	12.96 bp	94.1 bp −$94	824.3 bp −$8,243	doesn't fit	doesn't fit

UB 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
Binance UBUSDTlong	+0.0100%	4h	0.1473	long leg	$3.2M	$16.4M	50x
Bybit UBUSDT	+0.0100%	4h	0.1472	−0.068%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1472	−0.081%	$1.4M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1470	−0.217%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1474	+0.054%	$626K	$663K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1471	−0.185%	$1.0M	$1.4M	20x
Bitget UBUSDT	+0.0100%	4h	0.1474	+0.020%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1472	−0.061%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1466	−0.480%	$133	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1468	−0.396%	$37K	$258K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1476	+0.149%	$15K	$151K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1473	−0.002%	$949	$176K	5x	as long as short
BloFin UB-USDT	+0.0129%	4h	0.1476	+0.163%	$164K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0953%	4h	0.1475	+0.129%	$400K	$198K	5x	as long as short