Settings8H · net · $10k
Funding arb · Price arb /

US

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h −0.079%
Price spread now: KuCoin against Extended−0.263%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,454as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,438as in the Price arb table
costs, in and out, $10k−$1,42014.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.343%−$34 on $10k
Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.263%, 7d avg −0.079%
Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.184% cheaper against Extended than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.343% in total (about -17.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.016470.0816pay 0.0102% / 1h51m 27s$2K$139K5x
ShortKuCoin USUSDTM0.016420.0100get 0.0050% / 4h3h 51m$4.2M$275K20x

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

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

Funding earned
−$150.36
Price spread: −0.263% → −0.079%
−$18.4
Slippage, 4 orders
−$1,402.95
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,588.71
Costs to cover
14.199%
Break-even
never at this rate
Slippage from Extended: live order book, 19 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 19 min ago6.71 bp135.3 bp −$135905.7 bp −$9,057doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago15.52 bp521.6 bp −$522doesn't fitdoesn't fitdoesn't fit

US on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit USUSDT+0.0100%4h0.01648+0.083%$3.2M$872K20xas long as short
Gate US_USDT+0.0100%4h0.01646−0.069%$2.1M$555K20xas long as short
KuCoin USUSDTMshort+0.0100%4h0.01642−0.263%$4.2M$275K20x
Variational Omni US+0.0100%4h0.01649+0.122%$16K$3Kas long as short
Bitget USUSDT+0.0468%4h0.01650+0.210%$4.3M$250K10xas long as short
Aster USUSDT+0.0758%4h0.01644−0.154%$12K$55K5xas long as short
BloFin US-USDT+0.0769%4h0.01644−0.166%$478K$49K10xas long as short
BingX US-USDT+0.0780%4h0.01649+0.113%$1.3Mas long as short
MEXC US_USDT+0.0812%4h0.01648+0.058%$5.5M$112K100xas long as short
Extended US-USDlong+0.0816%1h0.01647long leg$2K$139K5x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance USUSDT+0.0824%4h0.01648+0.076%$9.2M$3.1M10xas long as short