Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: dYdX against KuCoin+0.165%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.165% dearer against KuCoin than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATHUSDTM	0.005503	0.0100	pay 0.0050% / 4h	1h 16m	$554K	$80K	30x
Short	dYdX ATH-USD	0.005512	0	get 0.0000% / 1h	16m 21s	$11K	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$21
Price spread: +0.165% → 0.000%: $16.47
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$26.53
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 28 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 28 min ago	15.50 bp	166.6 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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.

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	−0.2375%	1h	0.005508	+0.088%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0105%	4h	0.005513	+0.173%	$185K	$93K	—	as long as short
dYdX ATH-USDshort	0.0000%	1h	0.005512	+0.165%	$11K	$59	5x
BloFin ATH-USDT	+0.0043%	4h	0.005513	+0.182%	$163K	$71K	75x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005509	+0.109%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005510	+0.126%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005495	−0.145%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005499	−0.073%	$707K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005501	−0.036%	$786K	$615K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005512	+0.164%	$9.0M	$677K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005503	long leg	$554K	$80K	30x
Bitget ATHUSDT	+0.0100%	4h	0.005503	0.000%	$1.5M	$912K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005503	0.000%	—	$21.3M	—	as long as short