Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against OKX−0.263%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$765as in the Funding arb table

Net, price: spread back to 7d avg − costs−$808as in the Price arb table

costs, in and out, $10k−$7847.841% of the position

Long on OKX Short on KuCoin

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+0.277%+$28 · spread now −0.263%, 7d avg −0.019%

Together, before fees+0.463%+$46 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 0.243% cheaper against OKX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06857	0.0100	pay 0.0050% / 4h	2h 39m	$1.7M	$6.0M	10x
Short	KuCoin HUSDTM	0.06839	0.0100	get 0.0050% / 4h	2h 39m	$1.6M	$10.0M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.019%: −$24.32
Slippage, 4 orders: −$762.1
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$808.42
Costs to cover: 7.841%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 4 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 OKX live order book, 3 min ago	1.46 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.66 bp	375.3 bp −$375	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	−8.852%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06844	−0.190%	$113K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06850	−0.102%	$14.7M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06839	−0.263%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06857	long leg	$1.7M	$6.0M	10x
Gate H_USDT	+0.0100%	4h	0.06839	−0.263%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06845	−0.175%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06839	−0.263%	$1.6M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.06824	−0.481%	$1.7M	$451K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06842	−0.219%	—	$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	0.06819	−0.555%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06841	−0.233%	$1.1M	$428K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06888	+0.452%	$590K	$115K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06848	−0.126%	$11K	$103K	5x	as long as short