Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against KuCoin+0.015%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,118as in the Price arb table

costs, in and out, $10k−$1,10511.051% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.265%+$27 · spread now +0.015%, 7d avg +0.147%

Together, before fees+0.213%+$21 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 0.132% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLANKERUSDTM	13.600	0.0100	pay 0.0050% / 4h	25m 06s	$362K	$149K	25x
Short	Bybit CLANKERUSDT	13.602	0.0100	get 0.0050% / 4h	25m 06s	$629K	$1.1M	20x

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 +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.147%: −$13.21
Slippage, 4 orders: −$1,082.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,118.29
Costs to cover: 11.051%
Break-even: never at this rate

Slippage from KuCoin: live order book, 57 min ago; Bybit: live order book, just now.

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, 57 min ago	22.04 bp	551.8 bp −$552	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	6.25 bp	49.3 bp −$49	330.2 bp −$3,302	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	13.611	+0.082%	$1.8M	$5.4M	25x	as long as short
Bybit CLANKERUSDTshort	+0.0100%	4h	13.602	+0.015%	$629K	$1.1M	20x
Gate CLANKER_USDT	+0.0100%	4h	13.570	−0.221%	$116K	$159K	25x	as long as short
MEXC CLANKER_USDT	+0.0100%	4h	13.600	0.000%	$375K	$265K	50x	as long as short
KuCoin CLANKERUSDTMlong	+0.0100%	4h	13.600	long leg	$362K	$149K	25x
Bitget CLANKERUSDT	+0.0100%	4h	13.610	+0.074%	$619K	$513K	20x	as long as short
BingX CLANKER-USDT	+0.0100%	4h	13.600	0.000%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.604	+0.029%	$27K	$31K	—	as long as short
BloFin CLANKER-USDT	+0.0143%	4h	13.620	+0.147%	$121K	$24K	25x	as long as short
Aster CLANKERUSDT	+0.0634%	4h	13.603	+0.024%	$16K	$30K	5x	as long as short