Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.281%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$836as in the Funding arb table

Net, price: spread back to 7d avg − costs−$841as in the Price arb table

costs, in and out, $10k−$8618.608% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.281%, 7d avg +0.083%

Together, before fees+0.200%+$20 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 0.199% dearer against OKX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02487	0.0100	pay 0.0050% / 4h	1h 29m	$199K	$382K	20x
Short	KuCoin STABLEUSDTM	0.02494	0.0100	get 0.0050% / 4h	1h 29m	$184K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.281%Rate

Funding earned: $0
Price spread: +0.281% → +0.083%: $19.85
Slippage, 4 orders: −$838.78
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$840.93
Costs to cover: 8.608%
Break-even: never at this rate

Slippage from OKX: live order book, 31 min ago; KuCoin: live order book, 60 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 OKX live order book, 31 min ago	4.01 bp	34.3 bp −$34	1394.0 bp −$13.9K	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	6.00 bp	485.3 bp −$485	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	0.02498	+0.438%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02487	+0.016%	$877K	$178K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02486	−0.058%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02486	−0.037%	$2.6M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02488	+0.040%	$1.5M	$728K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02487	long leg	$199K	$382K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02487	0.000%	$173K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02486	−0.040%	$617K	$168K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02494	+0.281%	$184K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02485	−0.080%	$286K	$92K	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	0.02488	+0.040%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02486	−0.020%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02486	−0.036%	$2K	$823K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02486	−0.057%	$14K	$143K	10x	as long as short
BloFin STABLE-USDT	+0.0146%	4h	0.02484	−0.121%	$118K	$7K	75x	as long as short