Settings8H · net · $10k
Funding arb · Price arb /

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0802%/8h= −87.8% APRnext payment $4.01 per $10,000 · paid last 24h +0.039%
Price spread now: KuCoin against Bitget−0.074%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,081as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,097as in the Price arb table
costs, in and out, $10k−$1,08810.877% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 7 days+0.095%+$10 · spread now −0.074%, 7d avg +0.014%
Together, before fees+0.158%+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and KuCoin is 0.088% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BUSDT0.20320.1236pay 0.0618% / 4h8m 00s$2.8M$239K10x
ShortKuCoin BUSDTM0.20310.0434get 0.0217% / 4h8m 00s$1.9M$71K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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

Funding earned
−$168.42
Price spread: −0.074% → +0.014%
−$8.82
Slippage, 4 orders
−$1,063.74
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,264.98
Costs to cover
10.877%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago7.38 bp25.9 bp −$26271.6 bp −$2,716doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago12.56 bp516.6 bp −$517doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0100%4h0.2031−0.049%$3.5M$600K20xas long as short
KuCoin BUSDTMshort+0.0434%4h0.2031−0.074%$1.9M$71K10x
Bybit BUSDT+0.0697%4h0.2030−0.094%$1.7M$969K13xas long as short
edgeX BUSDC+0.0741%4h0.2034+0.109%$3K$389K5xas long as short
MEXC B_USDT+0.0754%4h0.20320.000%$979K$352K100xas long as short
Binance BUSDT+0.0759%4h0.2033+0.027%$11.7M$2.0M20xas long as short
Extended B-USD+0.0760%1h0.2032+0.006%$15K$117K5xas long as short
BloFin B-USDT+0.0813%4h0.2035+0.148%$597K$39K20xas long as short
BingX B-USDT+0.1156%4h0.2033+0.049%$1.2Mas long as short
Bitget BUSDTlong+0.1236%4h0.2032long leg$2.8M$239K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1456%4h0.2034+0.119%$1.9M$211K5xas long as short