Settings8H · net · $10k
Funding arb · Price arb /

CHEEMS

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SwapBacktest
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: KuCoin against Bitget+0.267%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.267% dearer against Bitget than usual: you sell high and buy low, +$27 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget 1MCHEEMSUSDT0.00000056220.0100pay 0.0050% / 4h1h 53m$73K$99K25x
ShortKuCoin 1000CHEEMSUSDTM0.00000056370.0100get 0.0050% / 4h1h 53m$65K$176K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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

Funding earned
$0
Price spread: +0.267% → 0.000%
$26.68
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$2.68
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: Bitget: no order-book sample; KuCoin: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget no order-book sample
Sell KuCoin live order book, 11 min ago384.04 bp616.0 bp −$616doesn't fitdoesn't fitdoesn't fit
Bitget: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CHEEMS on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000CHEEMSUSDT+0.0100%4h0.0000005622−0.004%$255K$11K5xas long as short
Binance 1000CHEEMSUSDT+0.0100%4h0.0000005625+0.053%$1.5M$914K25xas long as short
Gate CHEEMS_USDT+0.0100%4h0.0000005620−0.036%$104K$41K20xas long as short
MEXC CHEEMS_USDT+0.0100%4h0.0000005625+0.053%$69K$77K50xas long as short
KuCoin 1000CHEEMSUSDTMshort+0.0100%4h0.0000005637+0.267%$65K$176K20x
Bitget 1MCHEEMSUSDTlong+0.0100%4h0.0000005622long leg$73K$99K25x
BingX 1000CHEEMS-USDT+0.0100%4h0.0000005607−0.267%$1.2Mas long as short