Funding arb · Price arb /

CARV

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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: Bybit against KuCoin+0.184%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,444as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,427as in the Price arb table

costs, in and out, $10k−$1,45014.504% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.184%, 7d avg −0.046%

Together, before fees−0.094%−$9 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 0.230% dearer against KuCoin than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CARVUSDTM	0.04347	0.0100	pay 0.0050% / 4h	1h 37m	$161K	$36K	20x
Short	Bybit CARVUSDT	0.04355	0.0100	get 0.0050% / 4h	1h 37m	$860K	$813K	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 +0.184%Rate

Funding earned: $0
Price spread: +0.184% → −0.046%: $22.98
Slippage, 4 orders: −$1,427.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,427.4
Costs to cover: 14.504%
Break-even: never at this rate

Slippage from KuCoin: live order book, 51 min ago; Bybit: live order book, 22 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, 51 min ago	33.83 bp	845.2 bp −$845	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	4.69 bp	57.9 bp −$58	489.0 bp −$4,890	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	−0.0042%	4h	0.04325	−0.514%	$449	$1	—	as long as short
Binance CARVUSDT	+0.0100%	4h	0.04368	+0.482%	$1.3M	$2.0M	50x	as long as short
Bybit CARVUSDTshort	+0.0100%	4h	0.04355	+0.184%	$860K	$813K	20x
Gate CARV_USDT	+0.0100%	4h	0.04343	−0.092%	$108K	$34K	20x	as long as short
MEXC CARV_USDT	+0.0100%	4h	0.04348	+0.023%	$85K	$101K	20x	as long as short
KuCoin CARVUSDTMlong	+0.0100%	4h	0.04347	long leg	$161K	$36K	20x
Bitget CARVUSDT	+0.0100%	4h	0.04373	+0.598%	$725K	$288K	25x	as long as short
BingX CARV-USDT	+0.0800%	4h	0.04364	+0.391%	—	$1.3M	—	as long as short