Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Binance against KuCoin+0.118%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2482.479% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days−0.118%−$12 · spread now +0.118%, 7d avg −0.021%

Together, before fees−0.223%−$22 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: Binance is 0.139% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.2200	0.0100	pay 0.0100% / 8h	1h 50m	$1.1M	$1.3M	50x
Short	Binance ARUSDT	4.2250	0.0100	get 0.0100% / 8h	1h 50m	$8.4M	$52.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.021%: $13.93
Slippage, 4 orders: −$225.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$233.98
Costs to cover: 2.479%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 7 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 KuCoin live order book, 5 min ago	7.09 bp	109.3 bp −$109	983.8 bp −$9,838	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.18 bp	17.3 bp −$17	68.2 bp −$682	375.8 bp −$37.6K	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	−0.2681%	1h	4.2100	−0.238%	$52K	$185K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2270	+0.165%	$543K	—	50x	as long as short
ApeX Omni ARUSDT	−0.0129%	1h	4.2200	0.000%	$20K	$714K	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+4.834%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2267	+0.159%	$3.4M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2212	+0.029%	$42K	$456K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.2250	+0.118%	$8.4M	$52.8M	75x
Bybit ARUSDT	+0.0100%	8h	4.2217	+0.040%	$4.2M	$9.4M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2250	+0.118%	$2.2M	$17.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2190	−0.024%	$2.0M	$3.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AR_USDT	+0.0100%	8h	4.2240	+0.095%	$5.9M	$4.2M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.2200	long leg	$1.1M	$1.3M	50x
Bitget ARUSDT	+0.0100%	8h	4.2220	+0.047%	$3.7M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2260	+0.142%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2128	−0.171%	$238K	$629K	—	as long as short
Extended AR-USD	+0.0104%	1h	4.2239	+0.093%	$35K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2130	−0.166%	$410K	$456K	20x	as long as short