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: Binance against KuCoin−0.427%7-day average −0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$842as in the Funding arb table

Net, price: spread back to 7d avg − costs−$858as in the Price arb table

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

Long on KuCoin Short on Binance

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)+0.112%+$11 · spread now −0.427%, 7d avg −0.156%

Together, before fees+0.005%+$1 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: Binance is 0.271% cheaper against KuCoin than usual: you would sell low and buy high, −$27 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	KuCoin STABLEUSDTM	0.02474	0.0100	pay 0.0050% / 4h	3h 33m	$185K	$27K	30x
Short	Binance STABLEUSDT	0.02463	0.0100	get 0.0050% / 4h	3h 33m	$2.5M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.427%Rate

Funding earned: $0
Price spread: −0.427% → −0.156%: −$27.1
Slippage, 4 orders: −$809.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$858.31
Costs to cover: 8.312%
Break-even: never at this rate

Slippage from KuCoin: live order book, 58 min ago; Binance: live order book, 2 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 KuCoin live order book, 58 min ago	14.32 bp	547.8 bp −$548	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.03 bp	27.1 bp −$27	108.5 bp −$1,085	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	0.02479	+0.182%	$114K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02465	−0.384%	$867K	$165K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02467	−0.292%	$18K	$9K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02463	−0.427%	$2.5M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02466	−0.323%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02469	−0.202%	$211K	$449K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02467	−0.283%	$178K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02463	−0.445%	$596K	$159K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02474	long leg	$185K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02466	−0.323%	$284K	$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	0.02466	−0.323%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02470	−0.178%	$145K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02465	−0.384%	$1K	$955K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02463	−0.455%	$12K	$211K	10x	as long as short
BloFin STABLE-USDT	+0.0126%	4h	0.02462	−0.485%	$114K	$11K	75x	as long as short