Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: KuCoin against Binance−0.206%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$734as in the Funding arb table

Net, price: spread back to 7d avg − costs−$745as in the Price arb table

costs, in and out, $10k−$7327.323% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.208%+$21 · spread now −0.206%, 7d avg −0.077%

Together, before fees+0.188%+$19 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 0.129% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06893	0.0100	pay 0.0050% / 4h	1h 47m	$14.8M	$10.6M	10x
Short	KuCoin HUSDTM	0.06879	0.0100	get 0.0050% / 4h	1h 47m	$1.6M	$10.0M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.077%: −$12.86
Slippage, 4 orders: −$710.28
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$745.14
Costs to cover: 7.323%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 6 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 Binance live order book, 8 min ago	0.73 bp	18.9 bp −$19	231.8 bp −$2,318	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.46 bp	266.2 bp −$266	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.331%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06889	−0.068%	$114K	$52K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06893	long leg	$14.8M	$10.6M	10x
Bybit HUSDT	+0.0100%	4h	0.06888	−0.075%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06903	+0.142%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06892	−0.017%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06890	−0.046%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06879	−0.206%	$1.6M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.06881	−0.177%	$1.7M	$459K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06901	+0.113%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06873	−0.294%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06882	−0.162%	$1.1M	$455K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06891	−0.039%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0147%	4h	0.06870	−0.337%	$581K	$115K	25x	as long as short