Funding arb · Price arb /

BANK

all BANK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.538%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$375as in the Funding arb table

Net, price: spread back to 7d avg − costs−$438as in the Price arb table

costs, in and out, $10k−$3813.811% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.525%+$53 · spread now −0.538%, 7d avg +0.026%

Together, before fees+0.590%+$59 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: Bybit is 0.564% cheaper against KuCoin than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BANKUSDTM	0.03533	0.0100	pay 0.0050% / 4h	2h 20m	$1.2M	$178K	50x
Short	Bybit BANKUSDT	0.03514	0.0100	get 0.0050% / 4h	2h 20m	$2.9M	$6.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.538%Rate

Funding earned: $0
Price spread: −0.538% → +0.026%: −$56.4
Slippage, 4 orders: −$358.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$437.5
Costs to cover: 3.811%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago	11.37 bp	160.9 bp −$161	824.8 bp −$8,248	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.83 bp	23.9 bp −$24	204.4 bp −$2,044	doesn't fit	doesn't fit

BANK 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
Aster BANKUSDT	+0.0100%	4h	0.03529	−0.107%	$55K	$125K	5x	as long as short
Binance BANKUSDT	+0.0100%	4h	0.03520	−0.361%	$7.9M	$32.2M	50x	as long as short
Bybit BANKUSDTshort	+0.0100%	4h	0.03514	−0.538%	$2.9M	$6.6M	20x
MEXC BANK_USDT	+0.0100%	4h	0.03516	−0.481%	$2.5M	$591K	20x	as long as short
KuCoin BANKUSDTMlong	+0.0100%	4h	0.03533	long leg	$1.2M	$178K	50x
HTX BANK-USDT	+0.0100%	4h	0.03531	−0.057%	$40K	$281K	20x	as long as short
edgeX BANKUSDC	+0.0110%	4h	0.03529	−0.121%	$1K	$244K	5x	as long as short
Gate BANK_USDT	+0.0246%	4h	0.03527	−0.170%	$723K	$1.4M	10x	as long as short
Bitget BANKUSDT	+0.0302%	4h	0.03516	−0.481%	$2.9M	$3.5M	25x	as long as short
BingX BANK-USDT	+0.0302%	4h	0.03528	−0.142%	—	$6.9M	—	as long as short