Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against tradeXYZ−0.037%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,038as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,051as in the Price arb table

costs, in and out, $10k−$1,04810.483% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days−0.180%−$18 · spread now −0.037%, 7d avg −0.014%

Together, before fees−0.074%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.014%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	899.03	0.0050	pay 0.0006% / 1h	58m 56s	$1.8M	$516K	20x
Short	KuCoin COSTUSDTM	898.70	0.0100	get 0.0100% / 8h	4h 58m	$48K	$876K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $10.5
Price spread: −0.037% → −0.014%: −$2.27
Slippage, 4 orders: −$1,018.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,040.11
Costs to cover: 10.483%
Break-even: 700.4 days

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 45 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 tradeXYZ live order book, 9 min ago	1.17 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 45 min ago	33.92 bp	682.2 bp −$682	doesn't fit	doesn't fit	doesn't fit

COST 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
Aster COSTUSDT	0.0000%	8h	899.43	+0.045%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.14	+0.012%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.95	+0.102%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.58	+0.061%	$521K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.25	+0.024%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.52	+0.055%	$42K	$16K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.30	+0.030%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.87	+0.205%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	899.49	+0.051%	$1.1M	$2.8M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.784%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.25	−0.087%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.83	−0.022%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	899.03	long leg	$1.8M	$516K	20x
Binance COSTUSDT	+0.0070%	8h	899.65	+0.069%	$1.1M	$925K	20x	as long as short
KuCoin COSTUSDTMshort	+0.0100%	8h	898.70	−0.037%	$48K	$876K	20x