Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.031%

Price spread now: KuCoin against Arcus−0.030%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.030% cheaper against Arcus than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus COIN-USD	197.17	0.0040	pay 0.0005% / 1h	9m 42s	$15K	$55K	5x
Short	KuCoin COINUSDTM	197.11	0.0100	get 0.0100% / 8h	4h 09m	$993K	$143K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.030%Rate

Funding earned: $12.54
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7
Costs to cover: 0.165%
Break-even: 10.9 days

Slippage unknown: Arcus: no order-book sample; KuCoin: live order book, 20 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 Arcus no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 20 min ago	16.48 bp	59.8 bp −$60	doesn't fit	doesn't fit	doesn't fit

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 26 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
Bitget COINUSDT	−0.0754%	8h	197.34	+0.086%	$6.3M	$10.3M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.89	−0.142%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0214%	8h	197.25	+0.041%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0105%	1h	196.61	−0.284%	—	$271K	25x	as long as short
Aster COINUSDT	0.0000%	8h	197.29	+0.062%	$345K	$885K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	197.15	−0.011%	$117K	$695K	10x	as long as short
Binance COINUSDT	0.0000%	8h	197.21	+0.021%	$14.8M	$79.4M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	197.29	+0.061%	$4.8M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	197.32	+0.076%	$3.0M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.03	−0.072%	$680K	$935K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.12	−0.025%	$19K	$2.3M	10x	as long as short
QFEX COIN-USD	+0.0013%	1h	197.18	+0.005%	$1.3M	$3.2M	10x	as long as short
Lighter COIN	+0.0032%	1h	197.17	−0.001%	$347K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	197.17	0.000%	$448K	$1.5M	10x	as long as short
Arcus COIN-USDlong	+0.0040%	1h	197.17	long leg	$15K	$55K	5x
tradeXYZ xyz:COIN	+0.0050%	1h	197.21	+0.020%	$15.5M	$13.5M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	197.09	−0.041%	$134K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	197.15	−0.010%	$67	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.87	−0.152%	$349K	$2.7M	10x	as long as short
KuCoin COINUSDTMshort	+0.0100%	8h	197.11	−0.030%	$993K	$143K	20x
ApeX Omni COINUSDT	+0.0100%	1h	196.95	−0.112%	$89K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	197.16	−0.005%	$570	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	197.17	−0.001%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	197.04	−0.066%	$188K	$392K	20x	as long as short
Phoenix COIN	+0.0121%	1h	196.92	−0.127%	$4K	$281K	10x	as long as short
edgeX COINUSDC	+0.0591%	4h	197.04	−0.068%	$51K	$296K	10x	as long as short