Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against KuCoin+0.037%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,059as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,046as in the Price arb table

costs, in and out, $10k−$1,04810.483% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days+0.180%+$18 · spread now +0.037%, 7d avg +0.014%

Together, before fees+0.074%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.023% dearer against KuCoin than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.014%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	898.70	0.0100	pay 0.0100% / 8h	4h 58m	$48K	$876K	20x
Short	tradeXYZ xyz:COST	899.03	0.0050	get 0.0006% / 1h	58m 57s	$1.8M	$516K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$10.5
Price spread: +0.037% → +0.014%: $2.27
Slippage, 4 orders: −$1,018.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$1,056.57
Costs to cover: 10.483%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; tradeXYZ: live order book, 9 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 KuCoin live order book, 45 min ago	33.92 bp	337.1 bp −$337	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.17 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

COST 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
Aster COSTUSDT	0.0000%	8h	899.43	+0.081%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.14	+0.049%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.95	+0.139%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.58	+0.098%	$521K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.25	+0.061%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.52	+0.092%	$42K	$16K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.30	+0.067%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.87	+0.241%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	899.49	+0.088%	$1.1M	$2.8M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.748%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.25	−0.050%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.83	+0.014%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	899.03	+0.037%	$1.8M	$516K	20x
Binance COSTUSDT	+0.0070%	8h	899.65	+0.106%	$1.1M	$925K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	898.70	long leg	$48K	$876K	20x