Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX+0.175%7-day average +0.002% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.175%, 7d avg +0.002%

Together, before fees−0.099%−$10 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 0.173% dearer against SunX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06845	0.0100	pay 0.0050% / 4h	3h 01m	$1K	$902K	20x
Short	KuCoin BASEDUSDTM	0.06857	0.0100	get 0.0050% / 4h	3h 01m	$582K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → +0.002%: $17.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; KuCoin: live order book, 72 min ago. 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 SunX live order book, 11 min ago	501.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 72 min ago	21.96 bp	391.2 bp −$391	954.5 bp −$9,545	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	+0.0051%	4h	0.06852	+0.102%	$260K	$49K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06850	+0.076%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06853	+0.117%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06844	−0.015%	$2.1M	$687K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06847	+0.029%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06842	−0.044%	$538K	$596K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06854	+0.131%	$4.9M	$540K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06857	+0.175%	$582K	$71K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06857	+0.175%	$1.3M	$359K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06846	+0.015%	—	$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	0.06840	−0.076%	$94K	$14K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06851	+0.083%	$96K	$384K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06845	long leg	$1K	$902K	20x
Extended BASED-USD	+0.0104%	1h	0.06852	+0.102%	$6K	$222K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0264%	4h	0.06849	+0.058%	$3K	$664	10x	as long as short