Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0590%/8hnext payment −$2.95 per $10,000 · paid last 24h −0.052%

Price spread now: OKX against KuCoin−0.103%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1271.268% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.103%, 7d avg +0.056%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and OKX is 0.159% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BEATUSDTM	0.08707	0.0764	pay 0.0382% / 4h	4m 30s	$2.5M	$1.1M	25x
Short	OKX BEAT-USDT-SWAP	0.08698	0.0174	get 0.0087% / 4h	4m 30s	$4.1M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$123.93
Price spread: −0.103% → +0.056%: −$15.91
Slippage, 4 orders: −$104.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$266.61
Costs to cover: 1.268%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	4.02 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.57 bp	18.0 bp −$18	100.2 bp −$1,002	doesn't fit	doesn't fit

BEAT 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
Aster BEATUSDT	+0.0100%	4h	0.08700	−0.080%	$48K	$35K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08702	−0.057%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDT	+0.0100%	8h	0.08690	−0.195%	$3.3M	$2.1M	20x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08700	−0.075%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08714	+0.080%	$2K	$1.2M	20x	as long as short
OKX BEAT-USDT-SWAPshort	+0.0174%	4h	0.08698	−0.103%	$4.1M	$9.4M	10x
Bitget BEATUSDT	+0.0270%	4h	0.08710	+0.034%	$1.2M	$1.1M	10x	as long as short
edgeX BEATUSDC	+0.0271%	4h	0.08699	−0.096%	$4K	$165K	10x	as long as short
Extended BEAT-USD	+0.0280%	1h	0.08709	+0.025%	$5K	$221K	5x	as long as short
MEXC BEAT_USDT	+0.0282%	4h	0.08700	−0.080%	$5.9M	$2.3M	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BEAT-USDT	+0.0282%	4h	0.08700	−0.080%	—	$7.7M	—	as long as short
Binance BEATUSDT	+0.0285%	4h	0.08705	−0.020%	$8.1M	$10.1M	10x	as long as short
HTX BEAT-USDT	+0.0298%	4h	0.08717	+0.115%	$120K	$68K	20x	as long as short
BloFin BEAT-USDT	+0.0320%	4h	0.08710	+0.034%	$499K	$49K	10x	as long as short
KuCoin BEATUSDTMlong	+0.0764%	4h	0.08707	long leg	$2.5M	$1.1M	25x