Funding arb · Price arb /

H

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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 +0.002%

Price spread now: OKX against KuCoin+0.058%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$745as in the Funding arb table

Net, price: spread back to 7d avg − costs−$722as in the Price arb table

costs, in and out, $10k−$7267.258% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.058%, 7d avg +0.024%

Together, before fees−0.294%−$29 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 0.034% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06914	0.0100	pay 0.0050% / 4h	1h 26m	$1.6M	$10.1M	8x
Short	OKX H-USDT-SWAP	0.06918	0.0100	get 0.0050% / 4h	1h 26m	$1.8M	$6.6M	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 +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.024%: $3.4
Slippage, 4 orders: −$703.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$722.44
Costs to cover: 7.258%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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, 2 min ago	5.06 bp	389.0 bp −$389	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.16 bp	33.2 bp −$33	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	−9.604%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0041%	4h	0.06910	−0.058%	$597K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06914	+0.004%	$113K	$58K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06914	0.000%	$14.8M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06903	−0.159%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06918	+0.058%	$1.8M	$6.6M	10x
Gate H_USDT	+0.0100%	4h	0.06905	−0.130%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06913	−0.014%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06914	long leg	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06911	−0.043%	$1.7M	$448K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06912	−0.029%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06887	−0.393%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06898	−0.231%	$1.1M	$465K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06912	−0.028%	$10K	$99K	5x	as long as short