Funding arb · Price arb /

CARV

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Swap Backtest

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 +0.051%

Price spread now: Bitget against KuCoin−0.023%7-day average +0.205% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,063as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,121as in the Price arb table

costs, in and out, $10k−$1,09910.987% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.023%, 7d avg +0.205%

Together, before fees+0.670%+$67 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 0.227% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.205%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CARVUSDTM	0.04396	0.0100	pay 0.0050% / 4h	1h 58m	$171K	$46K	20x
Short	Bitget CARVUSDT	0.04395	0.0100	get 0.0050% / 4h	1h 58m	$756K	$1.0M	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 −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.205%: −$22.74
Slippage, 4 orders: −$1,074.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,121.39
Costs to cover: 10.987%
Break-even: never at this rate

Slippage from KuCoin: live order book, 57 min ago; Bitget: live order book, 3 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, 57 min ago	27.46 bp	453.4 bp −$453	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	12.48 bp	63.1 bp −$63	262.7 bp −$2,627	doesn't fit	doesn't fit

CARV on 8 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
Variational Omni CARV	−0.0036%	4h	0.04399	+0.072%	$465	$2K	—	as long as short
Binance CARVUSDT	+0.0100%	4h	0.04403	+0.148%	$1.6M	$12.3M	50x	as long as short
Bybit CARVUSDT	+0.0100%	4h	0.04394	−0.045%	$1.0M	$2.9M	20x	as long as short
Gate CARV_USDT	+0.0100%	4h	0.04392	−0.091%	$117K	$154K	20x	as long as short
MEXC CARV_USDT	+0.0100%	4h	0.04396	0.000%	$160K	$253K	20x	as long as short
KuCoin CARVUSDTMlong	+0.0100%	4h	0.04396	long leg	$171K	$46K	20x
Bitget CARVUSDTshort	+0.0100%	4h	0.04395	−0.023%	$756K	$1.0M	25x
BingX CARV-USDT	+0.0800%	4h	0.04399	+0.068%	—	$1.4M	—	as long as short