Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.240%7-day average +0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

costs, in and out, $10k−$2922.915% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days+0.197%+$20 · spread now −0.240%, 7d avg +0.105%

Together, before fees+0.348%+$35 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 0.345% cheaper against Bybit than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5830	0.0100	pay 0.0100% / 8h	6h 25m	$4.7M	$8.5M	75x
Short	KuCoin ARUSDTM	4.5720	0.0100	get 0.0100% / 8h	6h 25m	$1.4M	$1.1M	50x

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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → +0.105%: −$34.51
Slippage, 4 orders: −$268.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$326.02
Costs to cover: 2.915%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 5 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, 3 min ago	4.40 bp	55.1 bp −$55	154.3 bp −$1,543	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.62 bp	98.5 bp −$98	544.2 bp −$5,442	doesn't fit	doesn't fit

AR on 16 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	−0.1665%	1h	4.5999	+0.369%	$56K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+0.611%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5775	−0.120%	$588K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0115%	8h	4.5790	−0.087%	$2.3M	$19.6M	20x	as long as short
MEXC AR_USDT	+0.0046%	8h	4.5760	−0.153%	$6.5M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0046%	8h	4.5770	−0.131%	$9.1M	$53.0M	75x	as long as short
Extended AR-USD	+0.0048%	1h	4.5804	−0.057%	$37K	$238K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5777	−0.116%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5727	−0.225%	$26K	$495K	10x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5830	long leg	$4.7M	$8.5M	75x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5790	−0.087%	$2.6M	$2.1M	50x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.5720	−0.240%	$1.4M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.5800	−0.065%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5790	−0.087%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5727	−0.224%	$188K	$211K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5310	−1.135%	$20K	$741K	50x	as long as short