Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended+0.100%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$819as in the Funding arb table

Net, price: spread back to 7d avg − costs−$804as in the Price arb table

costs, in and out, $10k−$8168.164% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.100%, 7d avg −0.023%

Together, before fees−0.073%+ Points / potential airdropExtended: Active · farm board−$7 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: KuCoin is 0.123% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06838	0.0104	pay 0.0013% / 1h	39m 26s	$2K	$257K	5x
Short	KuCoin BASEDUSDTM	0.06845	0.0100	get 0.0050% / 4h	39m 26s	$582K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$0.84
Price spread: +0.100% → −0.023%: $12.26
Slippage, 4 orders: −$799.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$805.01
Costs to cover: 8.164%
Break-even: never at this rate

Slippage from Extended: live order book, 62 min ago; KuCoin: live order book, 65 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 Extended live order book, 62 min ago	1.09 bp	14.0 bp −$14	214.4 bp −$2,144	doesn't fit	doesn't fit
Sell KuCoin live order book, 65 min ago	19.61 bp	424.0 bp −$424	935.5 bp −$9,355	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0096%	4h	0.06855	+0.246%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06848	+0.144%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06842	+0.059%	$4.3M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06823	−0.222%	$2.1M	$694K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06837	−0.017%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06836	−0.032%	$535K	$580K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06849	+0.158%	$4.9M	$519K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06845	+0.100%	$582K	$70K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06843	+0.070%	$1.3M	$378K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06835	−0.047%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06839	+0.007%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06848	+0.147%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06853	+0.217%	$1K	$913K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06838	long leg	$2K	$257K	5x
Orderly PERP_BASED_USDC	+0.0415%	4h	0.06850	+0.173%	$3K	$664	10x	as long as short