Funding arb · Price arb /

BB

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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−0.442%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$540as in the Funding arb table

Net, price: spread back to 7d avg − costs−$579as in the Price arb table

costs, in and out, $10k−$5405.397% of the position

Long on KuCoin Short on Bitget

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)+0.489%+$49 · spread now −0.442%, 7d avg −0.044%

Together, before fees+0.489%+$49 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 0.398% cheaper against KuCoin than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BBUSDTM	0.009050	0.0100	pay 0.0050% / 4h	2h 54m	$448K	$87K	50x
Short	Bitget BBUSDT	0.009010	0.0100	get 0.0050% / 4h	2h 54m	$322K	$467K	50x

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 −0.442%Rate

Funding earned: $0
Price spread: −0.442% → −0.044%: −$39.79
Slippage, 4 orders: −$515.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$579.46
Costs to cover: 5.397%
Break-even: never at this rate

Slippage from KuCoin: live order book, 58 min ago; Bitget: live order book, 6 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, 58 min ago	21.74 bp	204.6 bp −$205	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	10.98 bp	47.1 bp −$47	207.8 bp −$2,078	doesn't fit	doesn't fit

BB on 9 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 BBUSDT	+0.0100%	4h	0.009039	−0.121%	$12K	$13K	5x	as long as short
Binance BBUSDT	+0.0100%	4h	0.009040	−0.113%	$3.3M	$6.9M	50x	as long as short
Gate BB_USDT	+0.0100%	4h	0.009000	−0.552%	$138K	$209K	50x	as long as short
MEXC BB_USDT	+0.0100%	4h	0.009029	−0.232%	$1.4M	$589K	100x	as long as short
KuCoin BBUSDTMlong	+0.0100%	4h	0.009050	long leg	$448K	$87K	50x
Bitget BBUSDTshort	+0.0100%	4h	0.009010	−0.442%	$322K	$467K	50x
Bybit BBUSDT	+0.1428%	4h	0.009042	−0.088%	$710K	$790K	25x	as long as short
BingX BB-USDT	+0.1480%	4h	0.009044	−0.066%	—	$1.3M	—	as long as short
Kraken Futures PF_BBUSD	+0.1893%	1h	0.009088	+0.421%	$22K	$3K	10x	as long as short