Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.026%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$526as in the Funding arb table

Net, price: spread back to 7d avg − costs−$535as in the Price arb table

costs, in and out, $10k−$5275.274% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.852%−$85 · spread now −0.026%, 7d avg +0.051%

Together, before fees−0.839%−$84 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 0.077% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATHUSDTM	0.005502	0.0100	pay 0.0050% / 4h	1h 06m	$557K	$77K	30x
Short	Binance ATHUSDT	0.005501	0.0100	get 0.0050% / 4h	1h 06m	$3.3M	$4.2M	50x

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 −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.051%: −$7.68
Slippage, 4 orders: −$505.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$535.13
Costs to cover: 5.274%
Break-even: never at this rate

Slippage from KuCoin: live order book, 17 min ago; Binance: live order book, 15 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, 17 min ago	10.88 bp	233.6 bp −$234	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.71 bp	35.1 bp −$35	102.3 bp −$1,023	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.3202%	1h	0.005508	+0.106%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0106%	4h	0.005521	+0.344%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005513	+0.198%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005502	0.000%	$5K	$41K	5x	as long as short
Binance ATHUSDTshort	+0.0100%	4h	0.005501	−0.026%	$3.3M	$4.2M	50x
Bybit ATHUSDT	+0.0100%	4h	0.005490	−0.218%	$4.3M	$2.5M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005491	−0.200%	$702K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005500	−0.036%	$786K	$570K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005497	−0.091%	$8.9M	$633K	50x	as long as short
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005502	long leg	$557K	$77K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005498	−0.073%	$1.5M	$853K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005495	−0.127%	—	$21.6M	—	as long as short
BloFin ATH-USDT	+0.0151%	4h	0.005512	+0.182%	$167K	$72K	75x	as long as short