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 SunX+0.478%7-day average +0.097% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 3 days (all we have)−0.412%−$41 · spread now +0.478%, 7d avg +0.097%

Together, before fees−0.559%−$56 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 0.381% dearer against SunX than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02508	0.0100	pay 0.0050% / 4h	3h 30m	$1K	$776K	20x
Short	KuCoin STABLEUSDTM	0.02520	0.0100	get 0.0050% / 4h	3h 30m	$181K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now +0.478%Rate

Funding earned: $0
Price spread: +0.478% → +0.097%: $38.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $18.12
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 21 min ago; KuCoin: live order book, 14 min ago. Net counts fees only.

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 SunX live order book, 21 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 14 min ago	1.98 bp	232.7 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
BloFin STABLE-USDT	+0.0047%	4h	0.02506	−0.080%	$117K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02532	+0.969%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02521	+0.514%	$889K	$213K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02520	+0.474%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02520	+0.483%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02523	+0.614%	$1.5M	$773K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02523	+0.598%	$207K	$442K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02521	+0.518%	$176K	$71K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02521	+0.518%	$626K	$168K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02520	+0.478%	$181K	$29K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02520	+0.478%	$295K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02523	+0.598%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02512	+0.164%	$147K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02508	long leg	$1K	$776K	20x
Extended STABLE-USD	+0.0104%	1h	0.02520	+0.496%	$12K	$177K	10x	as long as short