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

CROSS

all CROSS markets
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 Bitget0.000%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,653as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,654as in the Price arb table
costs, in and out, $10k−$1,65616.560% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)+0.243%+$24 · spread now 0.000%, 7d avg −0.024%
Together, before fees+0.277%+$28 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 0.024% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CROSSUSDT0.14730.0100pay 0.0050% / 4h1h 43m$1.2M$216K20x
ShortKuCoin CROSSUSDTM0.14730.0100get 0.0050% / 4h1h 43m$272K$31K20x

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: 0.000% → −0.024%
$2.44
Slippage, 4 orders
−$1,632.04
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,653.6
Costs to cover
16.560%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 27 min ago.

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 live order book, 3 min ago7.81 bp48.5 bp −$48219.0 bp −$2,190doesn't fitdoesn't fit
Sell KuCoin live order book, 27 min ago33.34 bp722.5 bp −$723doesn't fitdoesn't fitdoesn't fit

CROSS on 8 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
Binance CROSSUSDT+0.0100%4h0.1477+0.265%$1.5M$3.2M40xas long as short
Bybit CROSSUSDT+0.0100%4h0.1476+0.238%$674K$700K20xas long as short
Gate CROSS_USDT+0.0100%4h0.1476+0.224%$183K$48K20xas long as short
MEXC CROSS_USDT+0.0100%4h0.1477+0.265%$318K$161K100xas long as short
KuCoin CROSSUSDTMshort+0.0100%4h0.14730.000%$272K$31K20x
Bitget CROSSUSDTlong+0.0100%4h0.1473long leg$1.2M$216K20x
BingX CROSS-USDT+0.0100%4h0.1477+0.265%$1.3Mas long as short
Variational Omni CROSS+0.0100%4h0.1476+0.198%$677$2Kas long as short