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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.264%
Price spread now: KuCoin against Variational Omni+2.300%7-day average +0.090% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.659%+$66 on $10k
Price spread, last 4 days (all we have)−3.255%−$326 · spread now +2.300%, 7d avg +0.090%
Together, before fees−2.596%+ Points / potential airdropVariational Omni: Active · farm board−$260 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 2.210% dearer against Variational Omni than usual: you sell high and buy low: +$221 more if the spread goes back to its 7-day average of +0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni S0.04314−0.0096get 0.0048% / 4h3h 26m$668K$7K
ShortKuCoin SUSDTM0.044130.0100get 0.0050% / 4h3h 26m$2.0M$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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
$41.26
Price spread: +2.300% → +0.090%
$221.03
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$250.3
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; KuCoin: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 8 min ago6.95 bpdoesn't fit104.2 bp −$1,042doesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago8.09 bp75.0 bp −$75209.9 bp −$2,099doesn'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−0.2864%1h0.04500+4.317%$27K$3K5xas long as short
Kraken Futures PF_SUSD−0.2569%1h0.04418+2.411%$37K$22K10xas long as short
Coinbase International S-PERP-INTX−0.1248%1h0.04308−0.134%$53K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04417+2.386%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04376+1.449%$415xas long as short
Variational Omni Slong−0.0096%4h0.04314long leg$668K$7K
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04361+1.105%$672150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−4.956%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0070%4h0.04415+2.346%$110K$637K10xas long as short
Lighter S+0.0096%1h0.04419+2.439%$189K$100K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04420+2.471%$1.1M$745K5xas long as short
Aster SUSDT+0.0100%4h0.04430+2.686%$48K$175K10xas long as short
Binance SUSDT+0.0100%4h0.04430+2.694%$6.6M$17.3M75xas long as short
Bybit SUSDT+0.0100%4h0.04423+2.532%$6.3M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04430+2.694%$1.2M$5.1M20xas long as short
Gate S_USDT+0.0100%4h0.04417+2.393%$376K$231K50xas long as short
MEXC S_USDT+0.0100%4h0.04418+2.416%$4.6M$2.4M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.04413+2.300%$2.0M$2.8M50x
Bitget SUSDT+0.0100%4h0.04428+2.648%$1.3M$2.7M50xas long as short
BingX S-USDT+0.0100%4h0.04425+2.578%$6.9Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04310−0.088%$25K$512K50xas long as short
Extended S-USD+0.0104%1h0.04411+2.258%$244K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04412+2.277%$314K$119K75xas long as short
Backpack S_USDC_PERP+0.0597%1h0.04430+2.694%$104K$474K5xas long as short
Deribit S_USDC-PERPETUAL+0.0655%1h0.04422+2.509%$74K$11K10xas long as short