Funding arb · Price arb /

CC

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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: Bitget against KuCoin−0.068%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$391as in the Funding arb table

Net, price: spread back to 7d avg − costs−$396as in the Price arb table

costs, in and out, $10k−$3893.895% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.068%, 7d avg −0.001%

Together, before fees+0.034%+$3 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 0.067% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1183	0.0100	pay 0.0050% / 4h	8m 52s	$501K	$116K	50x
Short	Bitget CCUSDT	0.1182	0.0100	get 0.0050% / 4h	8m 52s	$944K	$792K	20x

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 −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.001%: −$6.68
Slippage, 4 orders: −$365.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$396.17
Costs to cover: 3.895%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Bitget: live order book, 2 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, 54 min ago	19.32 bp	125.9 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.23 bp	47.1 bp −$47	119.7 bp −$1,197	doesn't fit	doesn't fit

CC on 19 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 CC/USDC PERP	−0.3320%	1h	0.1169	−1.200%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1181	−0.176%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1181	−0.150%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1181	−0.152%	$11.1M	$11.2M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1181	−0.194%	$10.7M	$3.8M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1182	−0.118%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1181	−0.177%	$365K	$214K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1181	−0.203%	$1.6M	$316K	100x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1183	long leg	$501K	$116K	50x
Bitget CCUSDTshort	+0.0100%	4h	0.1182	−0.068%	$944K	$792K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1181	−0.161%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1182	−0.068%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1180	−0.243%	$589K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1182	−0.135%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1180	−0.231%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1180	−0.245%	$589K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1182	−0.074%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0508%	1h	0.1184	+0.059%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1008%	1h	0.1187	+0.287%	$236K	$154K	5x	as long as short