Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.019%

Price spread now: KuCoin against Extended+0.273%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2432.429% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.273%, 7d avg −0.012%

Together, before fees−0.083%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.285% dearer against Extended than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5775	0.0008	pay 0.0001% / 1h	3m 36s	$38K	$240K	10x
Short	KuCoin ARUSDTM	4.5900	0.0100	get 0.0100% / 8h	7h 03m	$1.4M	$1.2M	50x

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

Position, each leg$Hold fordaysFee ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.273%Rate

Funding earned: $19.32
Price spread: +0.273% → −0.012%: $28.51
Slippage, 4 orders: −$225.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$195.07
Costs to cover: 2.429%
Break-even: 77.7 days

Slippage from Extended: live order book, 3 min ago; KuCoin: live order book, 2 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 Extended live order book, 3 min ago	6.96 bp	29.1 bp −$29	177.9 bp −$1,779	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.60 bp	88.4 bp −$88	511.6 bp −$5,116	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.2392%	1h	4.6165	+0.852%	$56K	$150K	20x	as long as short
OKX AR-USDT-SWAP	−0.0147%	8h	4.5710	−0.142%	$2.4M	$19.7M	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6068	+0.639%	$592K	—	50x	as long as short
MEXC AR_USDT	+0.0006%	8h	4.5830	+0.120%	$6.5M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0006%	8h	4.5729	−0.100%	$9.2M	$53.1M	75x	as long as short
Extended AR-USDlong	+0.0008%	1h	4.5775	long leg	$38K	$240K	10x
BloFin AR-USDT	+0.0031%	8h	4.6010	+0.514%	$439K	$539K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.6110	+0.732%	$2K	$2K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5968	+0.422%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5993	+0.476%	$27K	$501K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.5712	−0.137%	$4.6M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5780	+0.011%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.5900	+0.273%	$1.4M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.5700	−0.164%	$3.9M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5760	−0.032%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5907	+0.288%	$143K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6060	+0.623%	$23K	$742K	50x	as long as short