Funding arb · Price arb /

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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 +0.010%

Price spread now: KuCoin against Bybit−0.251%7-day average −0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,296as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,311as in the Price arb table

costs, in and out, $10k−$1,30113.013% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.251%, 7d avg −0.152%

Together, before fees+0.113%+$11 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: KuCoin is 0.099% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLANKERUSDT	13.925	0.0100	pay 0.0050% / 4h	22m 49s	$651K	$975K	20x
Short	KuCoin CLANKERUSDTM	13.890	0.0100	get 0.0050% / 4h	22m 49s	$341K	$152K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.251%Rate

Funding earned: $0
Price spread: −0.251% → −0.152%: −$9.92
Slippage, 4 orders: −$1,278.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,311.23
Costs to cover: 13.013%
Break-even: never at this rate

Slippage from Bybit: live order book, 17 min ago; KuCoin: live order book, 10 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 Bybit live order book, 17 min ago	9.27 bp	60.0 bp −$60	3361.6 bp −$33.6K	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	32.50 bp	480.5 bp −$481	doesn't fit	doesn't fit	doesn't fit

CLANKER on 10 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
BloFin CLANKER-USDT	+0.0082%	4h	13.940	+0.108%	$120K	$21K	25x	as long as short
Aster CLANKERUSDT	+0.0100%	4h	13.920	−0.036%	$16K	$33K	5x	as long as short
Binance CLANKERUSDT	+0.0100%	4h	13.945	+0.141%	$1.9M	$5.3M	25x	as long as short
Bybit CLANKERUSDTlong	+0.0100%	4h	13.925	long leg	$651K	$975K	20x
Gate CLANKER_USDT	+0.0100%	4h	13.940	+0.108%	$120K	$161K	25x	as long as short
MEXC CLANKER_USDT	+0.0100%	4h	13.930	+0.036%	$371K	$246K	50x	as long as short
KuCoin CLANKERUSDTMshort	+0.0100%	4h	13.890	−0.251%	$341K	$152K	25x
Bitget CLANKERUSDT	+0.0100%	4h	13.900	−0.180%	$631K	$523K	20x	as long as short
BingX CLANKER-USDT	+0.0100%	4h	13.950	+0.180%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.947	+0.157%	$27K	$25K	—	as long as short