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: Bitget against KuCoin+0.128%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$762as in the Funding arb table

Net, price: spread back to 7d avg − costs−$755as in the Price arb table

costs, in and out, $10k−$7627.624% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.128%, 7d avg +0.050%

Together, before fees+0.006%+$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: Bitget is 0.078% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATUSDTM	0.1567	0.0100	pay 0.0050% / 4h	2h 38m	$254K	$158K	50x
Short	Bitget ATUSDT	0.1569	0.0100	get 0.0050% / 4h	2h 38m	$666K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.050%: $7.79
Slippage, 4 orders: −$738.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$754.57
Costs to cover: 7.624%
Break-even: never at this rate

Slippage from KuCoin: live order book, 18 min ago; Bitget: 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 KuCoin live order book, 18 min ago	9.45 bp	275.2 bp −$275	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 7 min ago	6.30 bp	47.1 bp −$47	300.4 bp −$3,004	doesn't fit	doesn't fit

AT on 10 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
BloFin AT-USDT	+0.0077%	4h	0.1573	+0.383%	$362K	$7K	50x	as long as short
Binance ATUSDT	+0.0100%	4h	0.1569	+0.128%	$8.6M	$3.6M	50x	as long as short
OKX AT-USDT-SWAP	+0.0100%	4h	0.1569	+0.128%	$217K	$531K	20x	as long as short
Gate AT_USDT	+0.0100%	4h	0.1567	−0.006%	$152K	$186K	20x	as long as short
MEXC AT_USDT	+0.0100%	4h	0.1568	+0.064%	$246K	$169K	50x	as long as short
KuCoin ATUSDTMlong	+0.0100%	4h	0.1567	long leg	$254K	$158K	50x
Bitget ATUSDTshort	+0.0100%	4h	0.1569	+0.128%	$666K	$171K	50x
Aster ATUSDT	+0.0224%	4h	0.1569	+0.152%	$31K	$13K	5x	as long as short
Bybit ATUSDT	+0.0513%	4h	0.1570	+0.166%	$545K	$1.0M	25x	as long as short
BingX AT-USDT	+0.0650%	4h	0.1568	+0.064%	—	$6.5M	—	as long as short