Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.4688%/8h= −513.3% APRpaid last 24h −1.251%

Price spread now: KuCoin against Bybit−0.058%7-day average −0.336% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.717%−$72 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.058%, 7d avg −0.336%

Together, before fees−0.654%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.278% dearer against Bybit than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.336%): +$28 on $10k if it goes back. Holding the pair costs −$141 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.717% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.717% in total (about -37.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AKEUSDT	0.05772	0.5108	pay 0.0638% / 1h	2m 30s	$18.5M	$183.1M	25x
Short	KuCoin AKEUSDTM	0.05768	0.0420	get 0.0210% / 4h	2m 30s	$8.2M	$44.8M	10x

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

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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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$984.45
Price spread: −0.058% → −0.336%: $27.84
Slippage, 4 orders: −$87.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,067.16
Costs to cover: 1.106%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; KuCoin: live order book, 7 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 Bybit live order book, 7 min ago	1.83 bp	22.9 bp −$23	98.4 bp −$984	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	8.19 bp	31.6 bp −$32	183.0 bp −$1,830	doesn't fit	doesn't fit

AKE on 14 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 AKEUSDT	+0.0100%	1h	0.05755	−0.286%	$648K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05757	−0.248%	—	$702K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05751	−0.349%	$171K	$1.8M	10x	as long as short
edgeX 1000AKEUSDC	+0.0372%	4h	0.05787	+0.259%	$253K	$1.3M	5x	as long as short
Binance AKEUSDT	+0.0374%	4h	0.05769	−0.037%	$29.1M	$507.0M	10x	as long as short
Extended AKE-USD	+0.0376%	1h	0.05762	−0.173%	$79K	$383K	5x	as long as short
MEXC AKE_USDT	+0.0378%	4h	0.05765	−0.106%	$14.7M	$36.4M	20x	as long as short
KuCoin AKEUSDTMshort	+0.0420%	4h	0.05768	−0.058%	$8.2M	$44.8M	10x
Bitget AKEUSDT	+0.0776%	1h	0.05775	+0.052%	$2.2M	$47.0M	10x	as long as short
Gate AKE_USDT	+0.1092%	4h	0.05763	−0.148%	$6.0M	$85.3M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDT	+0.1546%	4h	0.05769	−0.045%	—	$10.6M	—	as long as short
OKX AKE-USDT-SWAP	+0.1635%	4h	0.05775	+0.059%	$5.2M	$483.9M	20x	as long as short
Bybit AKEUSDTlong	+0.5108%	1h	0.05772	long leg	$18.5M	$183.1M	25x
Variational Omni AKE	+0.5286%	1h	0.05765	−0.106%	$167K	$747K	—	as long as short