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Funding arb · Price arb /

B

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0682%/8h= +74.7% APRpaid last 24h +0.070%
Price spread now: Extended against KuCoin−0.030%7-day average +0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$994as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,033as in the Price arb table
costs, in and out, $10k−$1,01710.172% of the position
Long on KuCoinShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.231%+$23 on $10k
Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.030%, 7d avg +0.125%
Together, before fees+0.344%+ Points / potential airdropExtended: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.156% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.125%). If the spread goes back, that is −$16 on $10k: about 18 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.231% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BUSDTM0.20210.0142pay 0.0071% / 4h1h 05m$1.9M$71K10x
ShortExtended B-USD0.20210.0824get 0.0103% / 1h5m 31s$15K$117K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$143.22
Price spread: −0.030% → +0.125%
−$15.57
Slippage, 4 orders
−$1,000.2
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$889.55
Costs to cover
10.172%
Break-even
50.5 days
Slippage from KuCoin: live order book, 1 min ago; Extended: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago4.70 bp462.8 bp −$463doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 10 min ago7.43 bp135.5 bp −$136doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0100%4h0.2019−0.124%$3.4M$601K20xas long as short
KuCoin BUSDTMlong+0.0142%4h0.2021long leg$1.9M$71K10x
Bybit BUSDT+0.0650%4h0.2021−0.015%$1.7M$971K13xas long as short
BloFin B-USDT+0.0774%4h0.2016−0.272%$592K$39K20xas long as short
edgeX BUSDC+0.0813%4h0.2017−0.239%$3K$391K5xas long as short
MEXC B_USDT+0.0820%4h0.2024+0.124%$973K$353K100xas long as short
Binance BUSDT+0.0821%4h0.2025+0.173%$11.7M$2.0M20xas long as short
Extended B-USDshort+0.0824%1h0.2021−0.030%$15K$117K5x
BingX B-USDT+0.1160%4h0.2022+0.025%—$1.2M—as long as short
Bitget BUSDT+0.1212%4h0.2023+0.074%$2.7M$229K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1371%4h0.2020−0.082%$1.9M$210K5xas long as short