Funding arb · Price arb /

CROSS

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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 0.000%

Price spread now: Bybit against KuCoin+0.233%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,775as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,754as in the Price arb table

costs, in and out, $10k−$1,76317.630% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.233%, 7d avg +0.145%

Together, before fees−0.375%−$37 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 0.088% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CROSSUSDTM	0.1548	0.0100	pay 0.0050% / 4h	1h 07m	$274K	$28K	20x
Short	Bybit CROSSUSDT	0.1551	0.0100	get 0.0050% / 4h	1h 07m	$710K	$484K	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 +0.233%Rate

Funding earned: $0
Price spread: +0.233% → +0.145%: $8.76
Slippage, 4 orders: −$1,740.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,754.28
Costs to cover: 17.630%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; Bybit: live order book, 32 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, 35 min ago	27.22 bp	752.0 bp −$752	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 32 min ago	2.93 bp	149.3 bp −$149	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	0.1552	+0.283%	$1.6M	$2.7M	40x	as long as short
Bybit CROSSUSDTshort	+0.0100%	4h	0.1551	+0.233%	$710K	$484K	20x
Gate CROSS_USDT	+0.0100%	4h	0.1552	+0.252%	$189K	$39K	20x	as long as short
MEXC CROSS_USDT	+0.0100%	4h	0.1552	+0.258%	$351K	$143K	100x	as long as short
KuCoin CROSSUSDTMlong	+0.0100%	4h	0.1548	long leg	$274K	$28K	20x
Bitget CROSSUSDT	+0.0100%	4h	0.1551	+0.187%	$1.3M	$158K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1553	+0.349%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1542	−0.400%	$708	$1K	—	as long as short