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: Bybit against KuCoin+0.108%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2542.544% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.108%, 7d avg −0.105%

Together, before fees−0.257%−$26 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 0.213% dearer against KuCoin than usual: you sell high and buy low, +$21 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	KuCoin ARUSDTM	4.6310	0.0100	pay 0.0100% / 8h	3m 34s	$1.5M	$1.2M	50x
Short	Bybit ARUSDT	4.6360	0.0100	get 0.0100% / 8h	3m 34s	$4.6M	$8.8M	75x

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 +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.105%: $21.32
Slippage, 4 orders: −$231.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$233.08
Costs to cover: 2.544%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: 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 KuCoin live order book, 2 min ago	5.41 bp	100.9 bp −$101	835.1 bp −$8,351	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.25 bp	33.8 bp −$34	138.0 bp −$1,380	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	−0.1944%	1h	4.6289	−0.045%	$53K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6350	+0.086%	$596K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0088%	8h	4.6340	+0.065%	$2.4M	$21.1M	20x	as long as short
MEXC AR_USDT	+0.0005%	8h	4.6360	+0.108%	$6.8M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0006%	8h	4.6390	+0.173%	$9.3M	$55.5M	75x	as long as short
Extended AR-USD	+0.0008%	1h	4.6348	+0.081%	$38K	$237K	10x	as long as short
BloFin AR-USDT	+0.0020%	8h	4.6230	−0.173%	$440K	$681K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.274%	$3K	$339	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6496	+0.402%	$4.3M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.6340	+0.065%	$20K	$606K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDTshort	+0.0100%	8h	4.6360	+0.108%	$4.6M	$8.8M	75x
Gate AR_USDT	+0.0100%	8h	4.6360	+0.108%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.6310	long leg	$1.5M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.6340	+0.065%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6330	+0.043%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6124	−0.402%	$143K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6290	−0.043%	$23K	$764K	50x	as long as short