Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.007%

Price spread now: KuCoin against Extended+0.053%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2542.543% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.053%, 7d avg +0.027%

Together, before fees−0.166%+ Points / potential airdropExtended: Active · farm board−$17 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 0.026% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended S-USD	0.03925	0.0104	pay 0.0013% / 1h	49m 00s	$221K	$881K	10x
Short	KuCoin SUSDTM	0.03927	0.0100	get 0.0050% / 4h	1h 49m	$1.8M	$3.1M	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 +0.053%Rate

Funding earned: −$0.84
Price spread: +0.053% → +0.027%: $2.59
Slippage, 4 orders: −$237.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$252.59
Costs to cover: 2.543%
Break-even: never at this rate

Slippage from Extended: live order book, 34 min ago; KuCoin: live order book, 3 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 Extended live order book, 34 min ago	3.83 bp	31.2 bp −$31	249.9 bp −$2,499	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.39 bp	93.3 bp −$93	209.2 bp −$2,092	doesn't fit	doesn't fit

S on 25 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_SUSD	−0.1593%	1h	0.03922	−0.072%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.520%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0836%	4h	0.03913	−0.312%	$609K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0193% / S +0.0187%	1h	0.03925	+0.007%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03920	−0.119%	$4	—	15x	as long as short
01 Exchange SUSD	−0.0056%	1h	0.03920	−0.125%	$24K	$2K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03924	−0.035%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0027%	4h	0.03923	−0.049%	$100K	$348K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.461%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0046%	4h	0.03931	+0.151%	$43K	$212K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03926	+0.028%	$164K	$222K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03927	+0.043%	$986K	$787K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03929	+0.115%	$5.4M	$21.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03925	+0.002%	$5.6M	$6.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03930	+0.130%	$980K	$6.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03924	−0.023%	$321K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03929	+0.104%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.03927	+0.053%	$1.8M	$3.1M	50x
Bitget SUSDT	+0.0100%	4h	0.03930	+0.130%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03927	+0.053%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.125%	$23K	$469K	50x	as long as short
Extended S-USDlong	+0.0104%	1h	0.03925	long leg	$221K	$881K	10x
Deribit S_USDC-PERPETUAL	+0.0259%	1h	0.03928	+0.079%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03917	−0.202%	$268K	$129K	75x	as long as short
Backpack S_USDC_PERP	+0.0415%	1h	0.03940	+0.384%	$115K	$299K	5x	as long as short