Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.6836%/8h= −748.5% APRpaid last 24h −2.322%

Price spread now: 01 Exchange against KuCoin−2.166%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$205 a day on $10k at the current rate, and 01 Exchange is 2.166% cheaper against KuCoin than usual: you would sell low and buy high (−$217 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	KuCoin SUSDTM	0.03925	0.0100	pay 0.0050% / 4h	41m 00s	$1.8M	$2.9M	50x
Short	01 Exchange SUSD	0.03840	−0.6736	pay 0.0842% / 1h	41m 00s	$23K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −2.166%Rate

Funding earned: −$1,435.56
Price spread: −2.166% → 0.000%: −$216.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$1,671.12
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; 01 Exchange: 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, 6 min ago	2.54 bp	79.5 bp −$79	322.1 bp −$3,221	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

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
01 Exchange SUSDshort	−0.6736%	1h	0.03840	−2.166%	$23K	$2K	5x
Kraken Futures PF_SUSD	−0.2126%	1h	0.03923	−0.045%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.522%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0937%	4h	0.03931	+0.140%	$611K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0201% / S +0.0194%	1h	0.03928	+0.084%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03924	−0.025%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03929	+0.093%	$605	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0005%	1h	0.03929	+0.102%	$66K	$10K	10x	as long as short
Orderly PERP_S_USDC	+0.0032%	4h	0.03924	−0.025%	$100K	$341K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.459%	$2K	$37K	12x	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	0.03928	+0.076%	$165K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03926	+0.033%	$984K	$701K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03929	+0.110%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03925	−0.001%	$5.4M	$17.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03918	−0.178%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03924	−0.025%	$982K	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03918	−0.178%	$320K	$259K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03926	+0.025%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.03925	long leg	$1.8M	$2.9M	50x
Bitget SUSDT	+0.0100%	4h	0.03929	+0.102%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03923	−0.051%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	+0.127%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03923	−0.063%	$221K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03926	+0.025%	$266K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0508%	1h	0.03930	+0.127%	$114K	$311K	5x	as long as short