Funding arb · Price arb /

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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−0.086%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$553as in the Funding arb table

Net, price: spread back to 7d avg − costs−$548as in the Price arb table

costs, in and out, $10k−$5445.436% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.086%, 7d avg −0.039%

Together, before fees+0.079%+$8 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 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1165	0.0100	pay 0.0050% / 4h	2h 36m	$492K	$115K	50x
Short	Bybit CCUSDT	0.1164	0.0100	get 0.0050% / 4h	2h 36m	$10.5M	$3.7M	25x

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 −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.039%: −$4.65
Slippage, 4 orders: −$520.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$548.27
Costs to cover: 5.436%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; Bybit: 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, 45 min ago	12.85 bp	226.7 bp −$227	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.43 bp	38.3 bp −$38	254.7 bp −$2,547	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	−0.3670%	1h	0.1153	−0.996%	$6K	$98	5.5x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1164	−0.045%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1165	+0.005%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1164	−0.086%	$11.0M	$10.9M	75x	as long as short
Bybit CCUSDTshort	+0.0100%	4h	0.1164	−0.086%	$10.5M	$3.7M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1164	−0.043%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1164	−0.043%	$362K	$206K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1164	−0.086%	$1.7M	$294K	100x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1165	long leg	$492K	$115K	50x
Bitget CCUSDT	+0.0100%	4h	0.1165	+0.009%	$938K	$791K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1164	−0.077%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1165	+0.009%	$17K	$21K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1165	+0.013%	$580K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1166	+0.095%	$82K	$2.2M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1163	−0.178%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1165	+0.017%	$588K	$108K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1164	−0.048%	$43K	—	50x	as long as short
Hyperliquid CC	+0.0776%	1h	0.1166	+0.117%	$5.4M	$1.3M	3x	as long as short
Lighter CC	+0.1528%	1h	0.1168	+0.335%	$233K	$160K	5x	as long as short