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

W

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended+0.244%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$336as in the Price arb table
costs, in and out, $10k−$3583.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.244%, 7d avg +0.022%
Together, before fees−0.141%+ Points / potential airdropExtended: Active · farm board−$14 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 0.223% dearer against Extended than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended W-USD0.011840.0104pay 0.0013% / 1h0m 31s$59K$240K5x
ShortKuCoin WUSDTM0.011870.0100get 0.0050% / 4h3h 00m$451K$219K50x

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
−$0.84
Price spread: +0.244% → +0.022%
$22.28
Slippage, 4 orders
−$341.3
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$336.86
Costs to cover
3.583%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; KuCoin: live order book, 52 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, 6 min ago2.93 bp92.9 bp −$93405.5 bp −$4,055doesn't fitdoesn't fit
Sell KuCoin live order book, 52 min ago12.62 bp117.9 bp −$118537.5 bp −$5,375doesn't fitdoesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL−0.0425%1h0.01185+0.075%$16K$2K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+2.102%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01184−0.009%$2.0M$406K5xas long as short
Binance WUSDT+0.0100%4h0.01184+0.025%$3.0M$6.7M50xas long as short
Bybit WUSDT+0.0100%4h0.01182−0.178%$4.1M$1.9M50xas long as short
OKX W-USDT-SWAP+0.0100%4h0.01184−0.043%$1.3M$2.0M20xas long as short
Gate W_USDT+0.0100%4h0.01185+0.092%$447K$284K75xas long as short
MEXC W_USDT+0.0100%4h0.01184+0.008%$12.8M$1.5M50xas long as short
KuCoin WUSDTMshort+0.0100%4h0.01187+0.244%$451K$219K50x
Bitget WUSDT+0.0100%4h0.01185+0.075%$1.3M$569K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01185+0.042%$6.9Mas long as short
Variational Omni W+0.0100%4h0.01184−0.005%$71K$41Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01193+0.784%$132K$377K10xas long as short
Extended W-USDlong+0.0104%1h0.01184long leg$59K$240K5x
Coinbase International W-PERP-INTX+0.0280%1h0.01191+0.540%$14K$16K50xas long as short
Backpack W_USDC_PERP+0.1258%1h0.01187+0.236%$45K$47K15xas long as short
Kraken Futures PF_WUSD+0.1324%1h0.01188+0.294%$147K$181K20xas long as short