Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against dYdX−0.026%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

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 0.026% cheaper against dYdX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ARB-USD	0.2217	0	get 0.0000% / 1h	19m 04s	$65K	$4K	10x
Short	KuCoin ARBUSDTM	0.2216	0.0100	get 0.0100% / 8h	7h 19m	$19.2M	$13.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $21
Price spread: −0.026% → 0.000%: −$2.61
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.61
Costs to cover: 0.220%
Break-even: 8.2 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 10 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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	1.14 bp	21.7 bp −$22	45.2 bp −$452	doesn't fit	doesn't fit

dYdX: 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.

ARB on 36 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 ARB/USDC PERP	−0.1605%	1h	0.2205	−0.531%	$40K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0424%	8h	0.2217	+0.010%	$4.9M	$12.7M	50x	as long as short
SoDEX ARB-USD	−0.0200%	1h	0.2216	−0.053%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0166%	1h	0.2217	−0.001%	$1.1M	$4.3M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2216	−0.031%	$28K	$38K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0100%	8h	0.2216	−0.035%	$22.4M	$147.4M	50x	as long as short
MEXC ARB_USDT	−0.0100%	8h	0.2216	−0.022%	$44.2M	$63.5M	200x	as long as short
Gate ARB_USDT	−0.0065%	8h	0.2217	+0.024%	$5.4M	$18.3M	60x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2216	−0.053%	$7K	$209	10x	as long as short
Bybit ARBUSDT	−0.0048%	8h	0.2216	−0.017%	$54.0M	$125.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2215	−0.080%	$16K	$414K	10x	as long as short
dYdX ARB-USDlong	0.0000%	1h	0.2217	long leg	$65K	$4K	10x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2218	+0.034%	$74K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2215	−0.090%	$365K	$3.0M	25x	as long as short
Binance ARBUSDT	+0.0018%	8h	0.2217	+0.019%	$64.2M	$298.3M	75x	as long as short
Variational Omni ARB	+0.0026%	8h	0.2217	+0.016%	$1.8M	$3.0M	—	as long as short
Bitget ARBUSDT	+0.0058%	8h	0.2217	+0.010%	$21.2M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0061%	8h	0.2217	−0.008%	—	$32.8M	—	as long as short
BloFin ARB-USDT	+0.0073%	8h	0.2214	−0.125%	$3.0M	$2.4M	75x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2217	−0.004%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2217	+0.024%	$1.3M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2220	+0.145%	$36.2M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2217	+0.030%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2217	+0.024%	$44K	$147K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2216	−0.026%	$19.2M	$13.8M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2220	+0.152%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2223	+0.281%	$479K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2222	+0.236%	$120K	$267K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2216	−0.035%	$74K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2218	+0.055%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2220	+0.132%	$297K	$832K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2217	+0.028%	$532K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0242%	1h	0.2220	+0.123%	$991K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2216	−0.020%	$837K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2214	−0.147%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2228	+0.502%	$534K	$1.6M	50x	as long as short