Funding arb · Price arb /

NOT

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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 0.000%

Price spread now: Binance against KuCoin+0.177%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1931.931% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.177%, 7d avg +0.060%

Together, before fees−0.083%−$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: Binance is 0.117% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0005098	0.0100	pay 0.0050% / 4h	3h 26m	$466K	$136K	50x
Short	Binance NOTUSDT	0.0005107	0.0100	get 0.0050% / 4h	3h 26m	$2.1M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.060%: $11.69
Slippage, 4 orders: −$171.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$181.37
Costs to cover: 1.931%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; Binance: live order book, 9 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 KuCoin live order book, 25 min ago	10.83 bp	63.4 bp −$63	729.7 bp −$7,297	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.98 bp	19.5 bp −$20	80.3 bp −$803	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
Kraken Futures PF_NOTUSD	−0.0332%	1h	0.0005103	+0.090%	$50K	$10K	10x	as long as short
Variational Omni NOT	−0.0151%	4h	0.0005090	−0.153%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.394%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0057%	4h	0.0005099	+0.020%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005114	+0.310%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005100	+0.039%	$373K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005105	+0.143%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005107	+0.177%	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005100	+0.039%	$2.2M	$826K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005105	+0.137%	$634K	$608K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005095	−0.059%	$142K	$79K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005106	+0.157%	$1.4M	$465K	200x	as long as short
KuCoin NOTUSDTMlong	+0.0100%	4h	0.0005098	long leg	$466K	$136K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005106	+0.157%	$670K	$391K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005102	+0.078%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005100	+0.035%	$4K	$491	5x	as long as short