Funding arb · Price arb /

CYS

all CYS markets

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 +0.053%

Price spread now: KuCoin against Bitget+0.243%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2782.782% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.243%, 7d avg −0.032%

Together, before fees−0.059%−$6 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 0.274% dearer against Bitget than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CYSUSDT	0.1608	0.0100	pay 0.0050% / 4h	3h 10m	$1.7M	$716K	25x
Short	KuCoin CYSUSDTM	0.1612	0.0100	get 0.0050% / 4h	3h 10m	$1.3M	$141K	20x

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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.243%Rate

Funding earned: $0
Price spread: +0.243% → −0.032%: $27.45
Slippage, 4 orders: −$254.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.79
Costs to cover: 2.782%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 5 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 Bitget live order book, 1 min ago	4.96 bp	32.7 bp −$33	159.2 bp −$1,592	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	9.27 bp	60.7 bp −$61	doesn't fit	doesn't fit	doesn't fit

CYS 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
Aster CYSUSDT	+0.0100%	4h	0.1609	+0.032%	$256K	$87K	10x	as long as short
Binance CYSUSDT	+0.0100%	4h	0.1609	+0.032%	$4.3M	$4.8M	20x	as long as short
MEXC CYS_USDT	+0.0100%	4h	0.1609	+0.056%	$1.5M	$234K	50x	as long as short
KuCoin CYSUSDTMshort	+0.0100%	4h	0.1612	+0.243%	$1.3M	$141K	20x
Bitget CYSUSDTlong	+0.0100%	4h	0.1608	long leg	$1.7M	$716K	25x
edgeX CYSUSDC	+0.0105%	4h	0.1614	+0.351%	$7K	$109K	10x	as long as short
Bybit CYSUSDT	+0.0145%	4h	0.1609	+0.056%	$1.5M	$1.1M	13x	as long as short
Variational Omni CYS	+0.0153%	4h	0.1613	+0.286%	$34K	$13K	—	as long as short
BingX CYS-USDT	+0.0234%	4h	0.1608	−0.006%	—	$1.3M	—	as long as short
Gate CYS_USDT	+0.0982%	4h	0.1612	+0.243%	$629K	$118K	20x	as long as short