Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.019%

Price spread now: KuCoin against Extended−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.133% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended kNOT-USD	0.0005047	0.0104	pay 0.0013% / 1h	49m 35s	$4K	—	5x
Short	KuCoin NOTUSDTM	0.0005040	−0.0178	pay 0.0089% / 4h	2h 49m	$487K	$135K	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 −0.133%Rate

Funding earned: −$59.22
Price spread: −0.133% → 0.000%: −$13.25
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	9.00 bp	106.3 bp −$106	425.2 bp −$4,252	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni NOT	−0.0197%	4h	0.0005044	−0.051%	$72K	$38K	—	as long as short
KuCoin NOTUSDTMshort	−0.0178%	4h	0.0005040	−0.133%	$487K	$135K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.422%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005056	+0.183%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.066%	$355K	$58K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005051	+0.080%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005048	+0.026%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005046	−0.014%	$2.1M	$872K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005048	+0.026%	$643K	$691K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005043	−0.073%	$139K	$73K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005049	+0.046%	$1.3M	$444K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005051	+0.085%	$662K	$463K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005048	+0.026%	—	$729K	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0005047	long leg	$4K	—	5x
BloFin NOT-USDT	+0.0121%	4h	0.0005047	+0.006%	$111K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1674%	1h	0.0005059	+0.236%	$49K	$9K	10x	as long as short