Funding arb · Price arb /

ATH

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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 +0.016%

Price spread now: KuCoin against Bybit−0.071%7-day average +0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2502.498% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.713%+$71 · spread now −0.071%, 7d avg +0.166%

Together, before fees+0.729%+$73 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 0.238% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005629	0.0100	pay 0.0050% / 4h	2h 26m	$4.5M	$2.3M	25x
Short	KuCoin ATHUSDTM	0.005625	0.0100	get 0.0050% / 4h	2h 26m	$565K	$84K	30x

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 −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.166%: −$23.75
Slippage, 4 orders: −$226.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$273.5
Costs to cover: 2.498%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 56 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, 1 min ago	3.56 bp	37.0 bp −$37	161.0 bp −$1,610	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	12.76 bp	77.6 bp −$78	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.3483%	1h	0.005625	−0.077%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0182%	4h	0.005564	−1.150%	$187K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005636	+0.120%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0029%	4h	0.005623	−0.107%	$724K	$1.3M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005637	+0.149%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005636	+0.129%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005629	long leg	$4.5M	$2.3M	25x
Gate ATH_USDT	+0.0100%	4h	0.005631	+0.036%	$806K	$529K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005637	+0.142%	$9.0M	$663K	50x	as long as short
KuCoin ATHUSDTMshort	+0.0100%	4h	0.005625	−0.071%	$565K	$84K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005633	+0.071%	$1.6M	$806K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005630	+0.018%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0156%	4h	0.005618	−0.195%	$174K	$62K	75x	as long as short