Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.325%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$821as in the Funding arb table

Net, price: spread back to 7d avg − costs−$814as in the Price arb table

costs, in and out, $10k−$8318.312% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.325%, 7d avg +0.156%

Together, before fees+0.097%+$10 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 0.169% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02462	0.0100	pay 0.0050% / 4h	3h 29m	$2.5M	$2.7M	75x
Short	KuCoin STABLEUSDTM	0.02470	0.0100	get 0.0050% / 4h	3h 29m	$185K	$27K	30x

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

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.325%Rate

Funding earned: $0
Price spread: +0.325% → +0.156%: $16.94
Slippage, 4 orders: −$809.21
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$814.27
Costs to cover: 8.312%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 61 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 Binance live order book, 5 min ago	2.03 bp	23.1 bp −$23	95.2 bp −$952	doesn't fit	doesn't fit
Sell KuCoin live order book, 61 min ago	14.32 bp	233.3 bp −$233	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02476	+0.585%	$114K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02461	−0.032%	$865K	$165K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02462	−0.013%	$18K	$9K	20x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02462	long leg	$2.5M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02463	+0.041%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02465	+0.122%	$211K	$449K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02463	+0.041%	$177K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02460	−0.081%	$595K	$160K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02470	+0.325%	$185K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02462	0.000%	$283K	$89K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02463	+0.041%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02465	+0.105%	$144K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02460	−0.065%	$1K	$956K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02459	−0.117%	$12K	$211K	10x	as long as short
BloFin STABLE-USDT	+0.0107%	4h	0.02460	−0.081%	$114K	$11K	75x	as long as short