Funding arb · Price arb /

NOT

all NOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: KuCoin against Binance−0.030%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2512.509% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.030%, 7d avg −0.065%

Together, before fees−0.119%−$12 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 0.035% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005018	0.0100	pay 0.0050% / 4h	3h 41m	$2.1M	$2.9M	50x
Short	KuCoin NOTUSDTM	0.0005017	0.0100	get 0.0050% / 4h	3h 41m	$491K	$132K	50x

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 −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.065%: $3.54
Slippage, 4 orders: −$228.93
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$247.39
Costs to cover: 2.509%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 52 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, 9 min ago	1.00 bp	22.2 bp −$22	156.2 bp −$1,562	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	10.94 bp	103.6 bp −$104	403.9 bp −$4,039	doesn't fit	doesn't fit

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.879%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0068%	4h	0.0005023	+0.090%	$109K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005023	+0.082%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	+0.030%	$339K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005020	+0.030%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005018	long leg	$2.1M	$2.9M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005015	−0.070%	$2.1M	$812K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005015	−0.070%	$643K	$649K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005019	+0.010%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005019	+0.010%	$1.3M	$454K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTMshort	+0.0100%	4h	0.0005017	−0.030%	$491K	$132K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005023	+0.090%	$673K	$467K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005016	−0.050%	—	$8.3M	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005017	−0.026%	$71K	$38K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005017	−0.029%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1156%	1h	0.0005018	−0.013%	$49K	$5K	10x	as long as short