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

BAND

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SwapBacktest
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: KuCoin against Bitget+0.093%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$743as in the Funding arb table
Net, price: spread back to 7d avg − costs−$738as in the Price arb table
costs, in and out, $10k−$7437.430% of the position
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)−0.076%−$8 · spread now +0.093%, 7d avg +0.042%
Together, before fees−0.076%−$8 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 0.051% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BANDUSDT0.21500.0100pay 0.0100% / 8h3h 30m$804K$105K50x
ShortKuCoin BANDUSDTM0.21520.0100get 0.0100% / 8h3h 30m$751K$59K30x

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
$0
Price spread: +0.093% → +0.042%
$5.14
Slippage, 4 orders
−$718.96
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$737.81
Costs to cover
7.430%
Break-even
never at this rate
Slippage from Bitget: live order book, 20 min ago; KuCoin: live order book, 48 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, 20 min ago16.27 bp39.5 bp −$39378.5 bp −$3,785doesn't fitdoesn't fit
Sell KuCoin live order book, 48 min ago23.26 bp186.0 bp −$186doesn't fitdoesn't fitdoesn't fit

BAND on 10 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
Binance BANDUSDT+0.0100%8h0.2151+0.038%$1.3M$1.7M50xas long as short
Bybit BANDUSDT+0.0100%8h0.21500.000%$305K$185K20xas long as short
OKX BAND-USDT-SWAP+0.0100%8h0.2152+0.093%$233K$410K10xas long as short
Gate BAND_USDT+0.0100%8h0.2157+0.326%$200K$62K20xas long as short
MEXC BAND_USDT+0.0100%8h0.21500.000%$368K$147K100xas long as short
KuCoin BANDUSDTMshort+0.0100%8h0.2152+0.093%$751K$59K30x
Bitget BANDUSDTlong+0.0100%8h0.2150long leg$804K$105K50x
Variational Omni BAND+0.0100%8h0.2152+0.076%$7K$963as long as short
BloFin BAND-USDT+0.0112%8h0.2148−0.093%$74K$8K50xas long as short
Kraken Futures PF_BANDUSD+0.2349%1h0.2147−0.121%$20K$1K10xas long as short