Funding arb · Price arb /

CC

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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: OKX against KuCoin+0.101%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2802.803% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.101%, 7d avg −0.021%

Together, before fees−0.088%−$9 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: OKX is 0.123% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1184	0.0100	pay 0.0050% / 4h	2h 06m	$488K	$104K	50x
Short	OKX CC-USDT-SWAP	0.1186	0.0100	get 0.0050% / 4h	2h 06m	$2.6M	$3.1M	20x

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 +0.101%Rate

Funding earned: $0
Price spread: +0.101% → −0.021%: $12.27
Slippage, 4 orders: −$258.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$268
Costs to cover: 2.803%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; OKX: live order book, 1 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, 52 min ago	21.30 bp	100.8 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.11 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
MEXC CC_USDT	−0.0358%	4h	0.1184	−0.034%	$1.9M	$353K	100x	as long as short
Bybit CCUSDT	−0.0352%	4h	0.1184	+0.008%	$10.9M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	−0.363%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0088%	8h	0.1184	+0.010%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1186	+0.178%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1185	+0.058%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1185	+0.025%	$11.2M	$11.9M	75x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1186	+0.101%	$2.6M	$3.1M	20x
Gate CC_USDT	+0.0100%	4h	0.1184	−0.059%	$364K	$209K	50x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1184	long leg	$488K	$104K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1184	−0.017%	$919K	$774K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1185	+0.059%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1184	+0.008%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1183	−0.144%	$603K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1183	−0.104%	$79K	$2.7M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1183	−0.088%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1183	−0.127%	$594K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0451% / S −0.0241%	1h	0.1185	+0.051%	$44K	—	50x	as long as short
Lighter CC	+0.0704%	1h	0.1190	+0.515%	$254K	$171K	5x	as long as short