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

W

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against KuCoin+0.050%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$464as in the Funding arb table
Net, price: spread back to 7d avg − costs−$452as in the Price arb table
costs, in and out, $10k−$4584.582% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.050%, 7d avg −0.017%
Together, before fees−0.132%+ Points / potential airdropExtended: Active · farm board−$13 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: Extended is 0.067% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WUSDTM0.011900.0100pay 0.0050% / 4h1h 54m$398K$196K50x
ShortExtended W-USD0.011910.0104get 0.0013% / 1h54m 04s$60K$146K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.050% → −0.017%
$6.7
Slippage, 4 orders
−$441.24
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$450.69
Costs to cover
4.582%
Break-even
3762.8 days
Slippage from KuCoin: live order book, 64 min ago; Extended: live order book, 52 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 KuCoin live order book, 64 min ago8.52 bp148.0 bp −$148doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 52 min ago2.13 bp39.2 bp −$39302.1 bp −$3,021doesn'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-PERPETUAL0.0000%1h0.01191+0.084%$15K$3K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+1.597%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01191+0.084%$2.0M$287K5xas long as short
Binance WUSDT+0.0100%4h0.01191+0.059%$3.0M$5.4M50xas long as short
Bybit WUSDT+0.0100%4h0.01188−0.193%$4.2M$1.6M50xas long as short
OKX W-USDT-SWAP+0.0100%4h0.01189−0.084%$1.3M$1.6M20xas long as short
Gate W_USDT+0.0100%4h0.01189−0.084%$431K$229K75xas long as short
MEXC W_USDT+0.0100%4h0.01191+0.050%$12.4M$1.4M50xas long as short
KuCoin WUSDTMlong+0.0100%4h0.01190long leg$398K$196K50x
Bitget WUSDT+0.0100%4h0.01191+0.084%$1.3M$585K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01190−0.017%$6.7Mas long as short
Variational Omni W+0.0100%4h0.01191+0.083%$72K$41Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01192+0.168%$130K$372K10xas long as short
Extended W-USDshort+0.0104%1h0.01191+0.050%$60K$146K5x
Coinbase International W-PERP-INTX+0.0304%1h0.01196+0.513%$14K$14K50xas long as short
Backpack W_USDC_PERP+0.1385%1h0.01192+0.151%$44K$39K15xas long as short
Kraken Futures PF_WUSD+0.1544%1h0.01192+0.194%$149K$188K20xas long as short