Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0091%/8h= +9.9% APRpaid last 24h +0.022%

Price spread now: KuCoin against QFEX−0.016%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,898as in the Price arb table

costs, in and out, $10k−$1,90119.007% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.098%+$10 on $10k

Price spread, last 7 days−0.147%−$15 · spread now −0.016%, 7d avg −0.044%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.029% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COST-USD	899.24	0.0009	pay 0.0001% / 1h	38m 45s	$1.1M	$2.6M	10x
Short	KuCoin COSTUSDTM	899.10	0.0100	get 0.0100% / 8h	3h 38m	$48K	$887K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: $19.02
Price spread: −0.016% → −0.044%: $2.87
Slippage, 4 orders: −$1,878.74
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,878.85
Costs to cover: 19.007%
Break-even: 698.6 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 61 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 QFEX live order book, 4 min ago	251.72 bp	256.7 bp −$257	261.0 bp −$2,610	doesn't fit	doesn't fit
Sell KuCoin live order book, 61 min ago	16.69 bp	312.8 bp −$313	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	899.77	+0.059%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	900.01	+0.086%	$1.1M	$925K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.84	+0.067%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.37	+0.014%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.03	−0.023%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.22	−0.002%	$41K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.10	−0.127%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.19	+0.217%	$10K	$42K	10x	as long as short
QFEX COST-USDlong	+0.0009%	1h	899.24	long leg	$1.1M	$2.6M	10x
OKX COST-USDT-SWAP	+0.0021%	8h	898.82	−0.047%	$440K	$115K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.807%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.110%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.41	+0.019%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.27	+0.003%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTMshort	+0.0100%	8h	899.10	−0.016%	$48K	$887K	20x