Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.024%

Price spread now: RISEx against KuCoin+0.127%58s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.502% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.263%+$26 on $10k

Price spread, last 5 days (all we have)−0.266%−$27 · spread now +0.127%, 7d avg +0.020%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and RISEx is 0.107% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2273	0.0100	pay 0.0100% / 8h	7h 21m	$19.8M	$15.8M	75x
Short	RISEx ARB/USDC	0.2276	0.0384	get 0.0048% / 1h	21m 47s	$519K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.127%Rate

Funding earned: $59.58
Price spread: +0.127% → +0.020%: $10.74
Slippage, 4 orders: −$32.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $20.12
Costs to cover: 0.502%
Break-even: 4.6 days

Slippage from KuCoin: live order book, 2 min ago; RISEx: 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 KuCoin live order book, 2 min ago	1.98 bp	15.1 bp −$15	37.7 bp −$377	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	3.07 bp	6.1 bp −$6	22.0 bp −$220	doesn't fit	doesn't fit

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	−0.1666%	1h	0.2262	−0.471%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0204%	8h	0.2268	−0.225%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2271	−0.066%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2277	+0.193%	$1.1M	$4.9M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2266	−0.317%	$23.0M	$157.9M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2267	−0.238%	$38.8M	$59.2M	200x	as long as short
Bybit ARBUSDT	−0.0080%	8h	0.2267	−0.255%	$58.8M	$126.7M	50x	as long as short
SoDEX ARB-USD	−0.0057%	1h	0.2275	+0.084%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2275	+0.101%	$13K	$387K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2270	−0.134%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2275	+0.101%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2276	+0.124%	$33K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2273	+0.014%	$365K	$2.9M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2269	−0.147%	$66.9M	$310.0M	75x	as long as short
Phemex ARBUSDT	+0.0057%	8h	0.2275	+0.101%	$5.2M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0059%	8h	0.2275	+0.101%	$3.1M	$2.9M	75x	as long as short
BingX ARB-USDC	+0.0074%	8h	0.2272	−0.031%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2277	+0.198%	$144K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2267	−0.251%	$21.7M	$35.7M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2270	−0.106%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2275	+0.092%	$41.2M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2276	+0.123%	$707K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2270	−0.125%	$45K	$185K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2273	+0.022%	$5.5M	$19.8M	60x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2273	long leg	$19.8M	$15.8M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2271	−0.060%	$41K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2272	−0.009%	$482K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2259	−0.603%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2275	+0.079%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2276	+0.145%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2277	+0.185%	$296K	$974K	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2278	+0.233%	$512K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2276	+0.147%	$901K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2272	−0.010%	$2K	$695	20x	as long as short
RISEx ARB/USDCshort	+0.0384%	1h	0.2276	+0.127%	$519K	$2.6M	10x
Backpack ARB_USDC_PERP	+0.0578%	1h	0.2279	+0.273%	$1.0M	$2.8M	20x	as long as short