Funding arb · Price arb /

CROSS

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Swap Backtest

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: Bitget against KuCoin+0.096%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,504as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,494as in the Price arb table

costs, in and out, $10k−$1,50115.009% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.096%, 7d avg +0.023%

Together, before fees−0.358%−$36 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 0.072% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CROSSUSDTM	0.1464	0.0100	pay 0.0050% / 4h	2h 36m	$270K	$32K	20x
Short	Bitget CROSSUSDT	0.1465	0.0100	get 0.0050% / 4h	2h 36m	$1.2M	$219K	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 +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.023%: $7.25
Slippage, 4 orders: −$1,476.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,493.61
Costs to cover: 15.009%
Break-even: never at this rate

Slippage from KuCoin: live order book, 43 min ago; Bitget: live order book, 4 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, 43 min ago	29.52 bp	773.0 bp −$773	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.15 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit

CROSS on 8 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 CROSSUSDT	+0.0100%	4h	0.1467	+0.253%	$1.5M	$3.2M	40x	as long as short
Bybit CROSSUSDT	+0.0100%	4h	0.1466	+0.198%	$670K	$714K	20x	as long as short
Gate CROSS_USDT	+0.0100%	4h	0.1465	+0.082%	$182K	$48K	20x	as long as short
MEXC CROSS_USDT	+0.0100%	4h	0.1468	+0.314%	$303K	$161K	100x	as long as short
KuCoin CROSSUSDTMlong	+0.0100%	4h	0.1464	long leg	$270K	$32K	20x
Bitget CROSSUSDTshort	+0.0100%	4h	0.1465	+0.096%	$1.2M	$219K	20x
BingX CROSS-USDT	+0.0100%	4h	0.1468	+0.287%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1463	−0.040%	$672	$2K	—	as long as short