Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1899%/8h= +208.0% APRpaid last 24h +0.939%

Price spread now: Kraken Futures against KuCoin+0.386%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Kraken Futures is 0.386% dearer against KuCoin than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0005018	0.0042	pay 0.0021% / 4h	1h 51m	$477K	$136K	50x
Short	Kraken Futures PF_NOTUSD	0.0005037	0.1941	get 0.0243% / 1h	51m 28s	$49K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.386%Rate

Funding earned: $398.84
Price spread: +0.386% → 0.000%: $38.57
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $415.42
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 67 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 67 min ago	9.00 bp	109.0 bp −$109	699.5 bp −$6,995	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.0005%	4h	0.0005021	+0.062%	$71K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.870%	$1K	$13K	5.5x	as long as short
KuCoin NOTUSDTMlong	+0.0042%	4h	0.0005018	long leg	$477K	$136K	50x
BloFin NOT-USDT	+0.0093%	4h	0.0005038	+0.399%	$110K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005036	+0.355%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	+0.040%	$338K	$69K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005029	+0.229%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005030	+0.239%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005023	+0.100%	$2.1M	$890K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005033	+0.299%	$639K	$708K	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	0.0005030	+0.239%	$139K	$57K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005026	+0.159%	$1.3M	$436K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005031	+0.259%	$673K	$493K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005028	+0.199%	—	$728K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005026	+0.151%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.1941%	1h	0.0005037	+0.386%	$49K	$9K	10x