Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: KuCoin against SoDEX−0.056%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.056% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COIN-USD	195.34	0.0050	pay 0.0006% / 1h	33m 45s	$74	$3K	10x
Short	KuCoin COINUSDTM	195.23	0.0100	get 0.0100% / 8h	7h 33m	$982K	$184K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.056%Rate

Funding earned: $10.5
Price spread: −0.056% → 0.000%: −$5.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.13
Costs to cover: 0.200%
Break-even: 17.1 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 31 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 31 min ago	13.31 bp	58.5 bp −$58	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 26 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
Injective COIN/USDC PERP	−0.0440%	1h	194.87	−0.241%	$43K	$40K	30x	as long as short
Bitget COINUSDT	−0.0111%	8h	195.18	−0.082%	$6.3M	$10.3M	20x	as long as short
Vest COIN-USD-PERP	−0.0061%	1h	194.83	−0.261%	—	$324K	25x	as long as short
Aster COINUSDT	0.0000%	8h	195.45	+0.054%	$341K	$890K	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.19	−0.077%	$4.6M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.10	−0.123%	$3.0M	$4.6M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	195.37	+0.015%	$1.2M	$6.8M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.35	+0.007%	$658K	$1.0M	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	195.57	+0.118%	$19K	$3.0M	10x	as long as short
Lighter COIN	+0.0032%	1h	195.31	−0.015%	$359K	$2.0M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH COIN	+0.0032%	1h	195.30	−0.020%	$467K	$1.3M	10x	as long as short
Extended COIN_24_5-USD	+0.0032%	1h	195.29	−0.026%	$104K	$860K	10x	as long as short
Binance COINUSDT	+0.0033%	8h	195.24	−0.052%	$14.8M	$81.5M	20x	as long as short
Arcus COIN-USD	+0.0040%	1h	195.52	+0.092%	$17K	$57K	5x	as long as short
QFEX COIN-USD	+0.0047%	1h	195.27	−0.036%	$1.3M	$2.8M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.00	−0.174%	$15.0M	$12.7M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.13	−0.108%	$134K	$1.4M	10x	as long as short
SoDEX COIN-USDlong	+0.0050%	1h	195.34	long leg	$74	$3K	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	195.25	−0.046%	$430K	$2.5M	10x	as long as short
KuCoin COINUSDTMshort	+0.0100%	8h	195.23	−0.056%	$982K	$184K	20x
ApeX Omni COINUSDT	+0.0100%	1h	195.35	+0.005%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	195.34	0.000%	$565	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	195.40	+0.032%	$115	—	10x	as long as short
BloFin COIN-USDT	+0.0140%	8h	195.30	−0.020%	$187K	$473K	20x	as long as short
Phoenix COIN	+0.0164%	1h	195.41	+0.036%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0462%	4h	195.55	+0.106%	$50K	$294K	10x	as long as short