Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: KuCoin against Binance−0.082%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2512.508% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 7 days−0.066%−$7 · spread now −0.082%, 7d avg −0.086%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SUSDT0.040220.0100pay 0.0050% / 4h59m 44s$5.7M$13.6M75x
ShortKuCoin SUSDTM0.040190.0100get 0.0050% / 4h59m 44s$1.8M$2.8M50x

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

Funding earned
$0
Price spread: −0.082% → −0.086%
$0.48
Slippage, 4 orders
−$228.81
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$250.34
Costs to cover
2.508%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago2.47 bp22.0 bp −$2277.3 bp −$773doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago4.97 bp105.9 bp −$106250.8 bp −$2,508doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.7536%1h0.03940−2.046%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.2396%1h0.04024+0.038%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1120%1h0.03961−1.524%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04027+0.112%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04022+0.002%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04026+0.091%$620150xas long as short
Variational Omni S+0.0027%4h0.04018−0.099%$625K$19Kas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.932%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0085%4h0.04024+0.043%$100K$585K10xas long as short
Lighter S+0.0096%1h0.04026+0.092%$172K$137K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04023+0.030%$1.0M$579K5xas long as short
Aster SUSDT+0.0100%4h0.04025+0.062%$47K$110K10xas long as short
Binance SUSDTlong+0.0100%4h0.04022long leg$5.7M$13.6M75x
Bybit SUSDT+0.0100%4h0.04017−0.131%$5.7M$4.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04022−0.007%$1.0M$3.7M20xas long as short
Gate S_USDT+0.0100%4h0.04024+0.043%$327K$179K50xas long as short
MEXC S_USDT+0.0100%4h0.04023+0.018%$4.0M$1.8M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.04019−0.082%$1.8M$2.8M50x
Bitget SUSDT+0.0100%4h0.04025+0.067%$1.2M$2.2M50xas long as short
BingX S-USDT+0.0100%4h0.04021−0.032%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04030+0.192%$23K$487K50xas long as short
Extended S-USD+0.0104%1h0.04020−0.054%$232K$756K10xas long as short
BloFin S-USDT+0.0340%4h0.04029+0.167%$278K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0495%1h0.04028+0.142%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1749%1h0.04030+0.192%$117K$426K5xas long as short