Funding arb · Price arb /

INIT

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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 0.000%

Price spread now: KuCoin against OKX−0.061%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,052as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,055as in the Price arb table

costs, in and out, $10k−$1,05210.518% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.061%, 7d avg −0.031%

Together, before fees−0.081%−$8 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 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INIT-USDT-SWAP	0.08179	0.0100	pay 0.0050% / 4h	21m 18s	$133K	$632K	10x
Short	KuCoin INITUSDTM	0.08174	0.0100	get 0.0050% / 4h	21m 18s	$326K	$54K	25x

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 −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.031%: −$3.03
Slippage, 4 orders: −$1,029.81
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,054.84
Costs to cover: 10.518%
Break-even: never at this rate

Slippage from OKX: live order book, 55 min ago; KuCoin: live order book, 40 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, 55 min ago	4.90 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 40 min ago	19.57 bp	378.2 bp −$378	doesn't fit	doesn't fit	doesn't fit

INIT on 13 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
BloFin INIT-USDT	+0.0096%	4h	0.08185	+0.073%	$153K	$110K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08186	+0.087%	$298K	$232K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08181	+0.029%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08189	+0.122%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08170	−0.110%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAPlong	+0.0100%	4h	0.08179	long leg	$133K	$632K	10x
Gate INIT_USDT	+0.0100%	8h	0.08168	−0.134%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08189	+0.122%	$445K	$220K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08174	−0.061%	$326K	$54K	25x
Bitget INITUSDT	+0.0100%	4h	0.08171	−0.098%	$427K	$310K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08177	−0.024%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08177	−0.020%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0498%	1h	0.08173	−0.077%	$5K	$17K	10x	as long as short