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

ACH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: KuCoin against Bybit−0.085%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$788as in the Funding arb table
Net, price: spread back to 7d avg − costs−$807as in the Price arb table
costs, in and out, $10k−$8048.037% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.160%+$16 on $10k
Price spread, last 4 days (all we have)+0.577%+$58 · spread now −0.085%, 7d avg −0.055%
Together, before fees+0.737%+$74 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 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ACHUSDT0.0058550.0100pay 0.0050% / 4h2h 36m$699K$324K25x
ShortKuCoin ACHUSDTM0.0058500.0100get 0.0100% / 8h2h 36m$263K$52K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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
Price spread: −0.085% → −0.055%
−$3.05
Slippage, 4 orders
−$780.67
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$806.72
Costs to cover
8.037%
Break-even
never at this rate
Slippage from Bybit: live order book, 8 min ago; KuCoin: live order book, 20 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 Bybit live order book, 8 min ago4.25 bp71.9 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 20 min ago31.41 bp441.3 bp −$441doesn't fitdoesn't fitdoesn't fit

ACH on 10 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
BloFin ACH-USDT+0.0081%8h0.005846−0.154%$86K$11K20xas long as short
Binance ACHUSDT+0.0100%8h0.005857+0.028%$1.5M$2.6M50xas long as short
Bybit ACHUSDTlong+0.0100%4h0.005855long leg$699K$324K25x
OKX ACH-USDT-SWAP+0.0100%4h0.005850−0.085%$331K$487K10xas long as short
Gate ACH_USDT+0.0100%8h0.005845−0.171%$137K$56K50xas long as short
MEXC ACH_USDT+0.0100%8h0.005856+0.017%$899K$344K125xas long as short
KuCoin ACHUSDTMshort+0.0100%8h0.005850−0.085%$263K$52K30x
Bitget ACHUSDT+0.0100%8h0.005853−0.034%$756K$402K50xas long as short
BingX ACH-USDT+0.0100%8h0.005840−0.256%$1.3Mas long as short
Variational Omni ACH+0.0100%4h0.005857+0.026%$8K$420as long as short