Funding arb · Price arb /

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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: Bitget against KuCoin+0.233%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$859as in the Funding arb table

Net, price: spread back to 7d avg − costs−$845as in the Price arb table

costs, in and out, $10k−$8608.604% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.233%, 7d avg +0.083%

Together, before fees−0.145%−$15 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 0.150% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06867	0.0100	pay 0.0050% / 4h	1h 22m	$569K	$74K	20x
Short	Bitget BASEDUSDT	0.06883	0.0100	get 0.0050% / 4h	1h 22m	$1.3M	$371K	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 +0.233%Rate

Funding earned: $0
Price spread: +0.233% → +0.083%: $14.97
Slippage, 4 orders: −$836.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$845.44
Costs to cover: 8.604%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 4 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, 1 min ago	18.92 bp	448.4 bp −$448	1039.5 bp −$10.4K	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.56 bp	20.0 bp −$20	107.1 bp −$1,071	doesn't fit	doesn't fit

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06888	+0.308%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06871	+0.058%	$2.1M	$681K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06879	+0.175%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06872	+0.073%	$538K	$583K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06883	+0.233%	$4.9M	$612K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06867	long leg	$569K	$74K	20x
Bitget BASEDUSDTshort	+0.0100%	4h	0.06883	+0.233%	$1.3M	$371K	25x
BingX BASED-USDT	+0.0100%	4h	0.06880	+0.189%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06836	−0.457%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06830	−0.539%	$96K	$369K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06871	+0.058%	$2K	$882K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06881	+0.201%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0106%	4h	0.06877	+0.143%	$29K	$6K	5x	as long as short
BloFin BASED-USDT	+0.0119%	4h	0.06867	0.000%	$261K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0228%	4h	0.06865	−0.029%	$3K	$664	10x	as long as short