Funding arb · Price arb /

BSV

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against KuCoin+0.257%7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$544as in the Funding arb table

Net, price: spread back to 7d avg − costs−$510as in the Price arb table

costs, in and out, $10k−$5455.450% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.335%−$33 · spread now +0.257%, 7d avg −0.095%

Together, before fees−0.324%−$32 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 0.352% dearer against KuCoin than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BSVUSDTM	18.310	0.0100	pay 0.0050% / 4h	2h 30m	$663K	$64K	30x
Short	Bybit BSVUSDT	18.357	0.0100	get 0.0050% / 4h	2h 30m	$1.5M	$568K	75x

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 +0.257%Rate

Funding earned: $0
Price spread: +0.257% → −0.095%: $35.19
Slippage, 4 orders: −$522.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$509.84
Costs to cover: 5.450%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Bybit: live order book, 1 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, 53 min ago	35.84 bp	295.0 bp −$295	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.81 bp	25.0 bp −$25	197.8 bp −$1,978	doesn't fit	doesn't fit

BSV 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
Injective BSV/USDC PERP	+0.0034%	1h	18.130	−0.983%	$1K	$49K	5.5x	as long as short
BloFin BSV-USDT	+0.0100%	4h	18.330	+0.109%	$110K	$197K	75x	as long as short
Binance BSVUSDT	+0.0100%	4h	18.370	+0.328%	$1.7M	$1.8M	75x	as long as short
Bybit BSVUSDTshort	+0.0100%	4h	18.357	+0.257%	$1.5M	$568K	75x
Gate BSV_USDT	+0.0100%	4h	18.330	+0.109%	$1.6M	$1.3M	50x	as long as short
MEXC BSV_USDT	+0.0100%	4h	18.350	+0.218%	$1.3M	$444K	125x	as long as short
KuCoin BSVUSDTMlong	+0.0100%	4h	18.310	long leg	$663K	$64K	30x
Bitget BSVUSDT	+0.0100%	4h	18.360	+0.273%	$1.9M	$419K	75x	as long as short
BingX BSV-USDT	+0.0100%	4h	18.360	+0.273%	—	$2.3M	—	as long as short
Hyperliquid BSV	+0.0755%	1h	18.388	+0.426%	$553K	$190K	3x	as long as short