Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.123%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,087as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,066as in the Price arb table

costs, in and out, $10k−$1,06210.622% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.123%, 7d avg −0.089%

Together, before fees−0.243%−$24 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: OKX is 0.034% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02446	0.0100	pay 0.0050% / 4h	1h 25m	$179K	$28K	30x
Short	OKX STABLE-USDT-SWAP	0.02443	0.0100	get 0.0050% / 4h	1h 25m	$212K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.089%: −$3.38
Slippage, 4 orders: −$1,040.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,065.6
Costs to cover: 10.622%
Break-even: never at this rate

Slippage from KuCoin: live order book, 16 min ago; OKX: live order book, 16 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, 16 min ago	14.33 bp	560.1 bp −$560	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 16 min ago	2.05 bp	29.3 bp −$29	1981.8 bp −$19.8K	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	0.02453	+0.294%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02439	−0.290%	$857K	$184K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02440	−0.258%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02438	−0.327%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02441	−0.204%	$1.5M	$764K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02443	−0.123%	$212K	$426K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02439	−0.286%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02438	−0.327%	$583K	$165K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02446	long leg	$179K	$28K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02441	−0.204%	$282K	$95K	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	0.02440	−0.245%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02442	−0.181%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02440	−0.237%	$1K	$928K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02437	−0.365%	$15K	$206K	10x	as long as short
BloFin STABLE-USDT	+0.0125%	4h	0.02438	−0.327%	$113K	$10K	75x	as long as short