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 −0.004%

Price spread now: Bitget against KuCoin+0.730%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$964as in the Funding arb table

Net, price: spread back to 7d avg − costs−$901as in the Price arb table

costs, in and out, $10k−$9639.632% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.468%−$47 · spread now +0.730%, 7d avg +0.108%

Together, before fees−0.471%−$47 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 0.622% dearer against KuCoin than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLANKERUSDTM	13.700	0.0100	pay 0.0050% / 4h	2h 37m	$330K	$158K	25x
Short	Bitget CLANKERUSDT	13.800	0.0100	get 0.0050% / 4h	2h 37m	$631K	$519K	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 +0.730%Rate

Funding earned: $0
Price spread: +0.730% → +0.108%: $62.17
Slippage, 4 orders: −$939.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$901.02
Costs to cover: 9.632%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; Bitget: live order book, 8 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, 20 min ago	54.81 bp	448.2 bp −$448	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	7.27 bp	43.0 bp −$43	287.6 bp −$2,876	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
Binance CLANKERUSDT	+0.0100%	4h	13.790	+0.657%	$1.8M	$5.3M	25x	as long as short
Bybit CLANKERUSDT	+0.0100%	4h	13.793	+0.679%	$649K	$1.0M	20x	as long as short
Gate CLANKER_USDT	+0.0100%	4h	13.730	+0.219%	$121K	$159K	25x	as long as short
MEXC CLANKER_USDT	+0.0100%	4h	13.780	+0.584%	$377K	$248K	50x	as long as short
KuCoin CLANKERUSDTMlong	+0.0100%	4h	13.700	long leg	$330K	$158K	25x
Bitget CLANKERUSDTshort	+0.0100%	4h	13.800	+0.730%	$631K	$519K	20x
BingX CLANKER-USDT	+0.0100%	4h	13.800	+0.730%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.704	+0.032%	$27K	$25K	—	as long as short
BloFin CLANKER-USDT	+0.0127%	4h	13.750	+0.365%	$119K	$21K	25x	as long as short
Aster CLANKERUSDT	+0.0287%	4h	13.737	+0.270%	$16K	$32K	5x	as long as short