Settings8H · net · $10k
Funding arb · Price arb /

W

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended−0.033%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$387as in the Funding arb table
Net, price: spread back to 7d avg − costs−$398as in the Price arb table
costs, in and out, $10k−$3933.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 4 days (all we have)−0.300%−$30 · spread now −0.033%, 7d avg +0.021%
Together, before fees−0.235%+ Points / potential airdropExtended: Active · farm board−$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: KuCoin is 0.054% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended W-USD0.011890.0104pay 0.0013% / 1h30m 47s$61K$237K5x
ShortKuCoin WUSDTM0.011890.0100get 0.0050% / 4h1h 30m$386K$213K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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

Funding earned
−$0.84
Price spread: −0.033% → +0.021%
−$5.44
Slippage, 4 orders
−$376.03
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$399.31
Costs to cover
3.930%
Break-even
never at this rate
Slippage from Extended: live order book, 31 min ago; KuCoin: live order book, 67 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 31 min ago2.96 bp96.3 bp −$96412.1 bp −$4,121doesn't fitdoesn't fit
Sell KuCoin live order book, 67 min ago16.88 bp115.8 bp −$116297.4 bp −$2,974doesn't fitdoesn't fit

W on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit W_USDC-PERPETUAL−0.0254%1h0.01190+0.085%$16K$2K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+1.648%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01190+0.051%$2.0M$383K5xas long as short
Binance WUSDT+0.0100%4h0.01190+0.042%$3.0M$6.6M50xas long as short
Bybit WUSDT+0.0100%4h0.01189−0.058%$4.2M$1.9M50xas long as short
OKX W-USDT-SWAP+0.0100%4h0.01189+0.009%$1.3M$1.9M20xas long as short
Gate W_USDT+0.0100%4h0.01187−0.201%$449K$253K75xas long as short
MEXC W_USDT+0.0100%4h0.01190+0.043%$12.9M$1.4M50xas long as short
KuCoin WUSDTMshort+0.0100%4h0.01189−0.033%$386K$213K50x
Bitget WUSDT+0.0100%4h0.01190+0.051%$1.3M$570K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01190+0.034%$6.8Mas long as short
Variational Omni W+0.0100%4h0.01187−0.171%$71K$41Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01188−0.115%$126K$413K10xas long as short
Extended W-USDlong+0.0104%1h0.01189long leg$61K$237K5x
Coinbase International W-PERP-INTX+0.0312%1h0.01190+0.085%$14K$16K50xas long as short
Backpack W_USDC_PERP+0.0587%1h0.01192+0.244%$44K$47K15xas long as short
Kraken Futures PF_WUSD+0.1704%1h0.01193+0.266%$148K$184K20xas long as short