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

CTR

all CTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0438%/8h= +48.0% APRnext payment +$2.19 per $10,000 · paid last 24h +0.217%
Price spread now: Bitget against KuCoin+0.336%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,670as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,715as in the Price arb table
costs, in and out, $10k−$1,73217.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.624%+$62 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.336%, 7d avg +0.163%
Together, before fees+0.563%+$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bitget is 0.173% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.163%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CTRUSDTM0.011920.0100pay 0.0050% / 4h16m 09s$276K$346K20x
ShortBitget CTRUSDT0.011960.0538get 0.0269% / 4h16m 09s$547K$56K20x

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

Funding earned
$91.98
Price spread: +0.336% → +0.163%
$17.29
Slippage, 4 orders
−$1,707.99
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,622.73
Costs to cover
17.320%
Break-even
130.5 days
Slippage from KuCoin: live order book, 45 min ago; Bitget: live order book, 59 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 KuCoin live order book, 45 min ago4.21 bp831.2 bp −$831doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 59 min ago12.61 bp26.8 bp −$27455.3 bp −$4,553doesn't fitdoesn't fit

CTR 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
Lighter CTR+0.0096%1h0.011920.000%$10K$3193xas long as short
Bybit CTRUSDT+0.0100%4h0.01193+0.067%$249K$124K20xas long as short
Gate CTR_USDT+0.0100%4h0.01194+0.168%$115K$15K20xas long as short
KuCoin CTRUSDTMlong+0.0100%4h0.01192long leg$276K$346K20x
Bitget CTRUSDTshort+0.0538%4h0.01196+0.336%$547K$56K20x
Aster CTRUSDT+0.0594%4h0.01192+0.022%$9K$6K5xas long as short
MEXC CTR_USDT+0.0740%4h0.01194+0.176%$604K$141K20xas long as short
Binance CTRUSDT+0.0755%4h0.01194+0.159%$2.2M$815K20xas long as short