Funding arb · Price arb /

AIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin0.000%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,458as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,459as in the Price arb table

costs, in and out, $10k−$2,45424.539% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now 0.000%, 7d avg +0.047%

Together, before fees+0.022%+$2 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: Bybit is 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AIOUSDTM	0.03909	0.0100	pay 0.0050% / 4h	2h 50m	$799K	$53K	30x
Short	Bybit AIOUSDT	0.03909	0.0100	get 0.0050% / 4h	2h 50m	$579K	$75K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.047%: −$4.68
Slippage, 4 orders: −$2,430.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2,458.56
Costs to cover: 24.539%
Break-even: never at this rate

Slippage from KuCoin: live order book, 64 min ago; Bybit: live order book, 10 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, 64 min ago	10.30 bp	546.3 bp −$546	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	6.36 bp	839.5 bp −$839	doesn't fit	doesn't fit	doesn't fit

AIO on 8 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 AIOUSDT	+0.0100%	4h	0.03915	+0.144%	$21K	$20K	5x	as long as short
Bybit AIOUSDTshort	+0.0100%	4h	0.03909	0.000%	$579K	$75K	5x
KuCoin AIOUSDTMlong	+0.0100%	4h	0.03909	long leg	$799K	$53K	30x
Bitget AIOUSDT	+0.0100%	4h	0.03900	−0.230%	$1.2M	$387K	50x	as long as short
Binance AIOUSDT	+0.0122%	4h	0.03917	+0.197%	$3.2M	$2.1M	50x	as long as short
MEXC AIO_USDT	+0.0124%	4h	0.03915	+0.153%	$225K	$120K	50x	as long as short
BingX AIO-USDT	+0.0142%	4h	0.03912	+0.077%	—	$6.6M	—	as long as short
Gate AIO_USDT	+0.0184%	4h	0.03898	−0.281%	$457K	$143K	20x	as long as short