Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bitget0.000%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2452.453% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.030%−$3 · spread now 0.000%, 7d avg +0.081%

Together, before fees−0.013%−$1 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 0.081% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.6200	0.0100	pay 0.0100% / 8h	7m 23s	$4.0M	$5.7M	75x
Short	KuCoin ARUSDTM	4.6200	0.0100	get 0.0100% / 8h	7m 23s	$1.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.081%: −$8.05
Slippage, 4 orders: −$221.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$253.32
Costs to cover: 2.453%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; KuCoin: live order book, 3 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 Bitget live order book, 6 min ago	4.34 bp	24.1 bp −$24	55.4 bp −$554	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.40 bp	112.2 bp −$112	659.9 bp −$6,599	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1948%	1h	4.6209	+0.019%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6229	+0.063%	$594K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0081%	8h	4.6160	−0.087%	$2.4M	$21.1M	20x	as long as short
MEXC AR_USDT	+0.0006%	8h	4.6190	−0.022%	$6.7M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0007%	8h	4.6184	−0.035%	$9.3M	$55.6M	75x	as long as short
Extended AR-USD	+0.0008%	1h	4.6184	−0.034%	$38K	$237K	10x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.039%	$3K	$339	5.5x	as long as short
BloFin AR-USDT	+0.0033%	8h	4.6270	+0.152%	$441K	$682K	20x	as long as short
ApeX Omni ARUSDT	+0.0090%	1h	4.6230	+0.065%	$23K	$764K	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6300	+0.216%	$4.3M	$4.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDT	+0.0100%	8h	4.6262	+0.133%	$20K	$606K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.6161	−0.084%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6230	+0.065%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.6200	0.000%	$1.5M	$1.2M	50x
Bitget ARUSDTlong	+0.0100%	8h	4.6200	long leg	$4.0M	$5.7M	75x
BingX AR-USDT	+0.0100%	8h	4.6180	−0.043%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6108	−0.198%	$143K	$176K	—	as long as short