Funding arb · Price arb /

IO

all IO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.048%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$2942.935% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.048%, 7d avg +0.022%

Together, before fees+0.128%+ Points / potential airdropExtended: Active · farm board+$13 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 0.069% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1493	0.0104	pay 0.0013% / 1h	54m 02s	$4K	$220K	5x
Short	KuCoin IOUSDTM	0.1492	0.0100	get 0.0050% / 4h	1h 54m	$350K	$194K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$0.84
Price spread: −0.048% → +0.022%: −$6.94
Slippage, 4 orders: −$276.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$301.33
Costs to cover: 2.935%
Break-even: never at this rate

Slippage from Extended: live order book, 53 min ago; KuCoin: live order book, just now.

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 Extended live order book, 53 min ago	7.70 bp	83.7 bp −$84	542.5 bp −$5,425	doesn't fit	doesn't fit
Sell KuCoin live order book, just now	6.70 bp	70.1 bp −$70	378.9 bp −$3,789	doesn't fit	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1494	+0.066%	$993K	$272K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1492	−0.044%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1494	+0.054%	$3.0M	$5.2M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1491	−0.115%	$1.1M	$698K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1493	−0.008%	$227K	$464K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1491	−0.115%	$1.2M	$224K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1492	−0.048%	$350K	$194K	50x
Bitget IOUSDT	+0.0100%	4h	0.1495	+0.153%	$1.4M	$1.0M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1492	−0.048%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1492	−0.065%	$30K	$20K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USDlong	+0.0104%	1h	0.1493	long leg	$4K	$220K	5x
BloFin IO-USDT	+0.0122%	4h	0.1493	+0.019%	$192K	$37K	50x	as long as short
Injective IO/USDC PERP	+0.0204%	1h	0.1499	+0.421%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8917%	1h	0.1481	−0.753%	$38K	$7K	10x	as long as short