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 0.000%

Price spread now: Bitget against KuCoin+0.217%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2292.292% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.217%, 7d avg +0.002%

Together, before fees−0.243%−$24 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 0.215% dearer against KuCoin than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATHUSDTM	0.005527	0.0100	pay 0.0050% / 4h	2h 43m	$555K	$84K	30x
Short	Bitget ATHUSDT	0.005539	0.0100	get 0.0050% / 4h	2h 43m	$1.5M	$802K	25x

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 +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.002%: $21.53
Slippage, 4 orders: −$205.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$207.71
Costs to cover: 2.292%
Break-even: never at this rate

Slippage from KuCoin: live order book, 38 min ago; Bitget: 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 KuCoin live order book, 38 min ago	12.76 bp	100.5 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.31 bp	21.9 bp −$22	91.6 bp −$916	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	−0.3548%	1h	0.005521	−0.113%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0262%	4h	0.005540	+0.236%	$186K	$94K	—	as long as short
OKX ATH-USDT-SWAP	−0.0017%	4h	0.005531	+0.072%	$707K	$1.2M	20x	as long as short
dYdX ATH-USD	0.0000%	1h	0.005540	+0.235%	$11K	$16	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005539	+0.223%	$6K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005538	+0.199%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005530	+0.054%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005533	+0.109%	$793K	$524K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005543	+0.289%	$8.8M	$660K	50x	as long as short
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005527	long leg	$555K	$84K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDTshort	+0.0100%	4h	0.005539	+0.217%	$1.5M	$802K	25x
BingX ATH-USDT	+0.0100%	4h	0.005540	+0.235%	—	$21.8M	—	as long as short
BloFin ATH-USDT	+0.0103%	4h	0.005555	+0.507%	$173K	$58K	75x	as long as short