Funding arb · Price arb /

F

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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 +0.027%

Price spread now: KuCoin against Bitget+0.189%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2892.889% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days−0.291%−$29 · spread now +0.189%, 7d avg +0.050%

Together, before fees−0.203%−$20 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 0.139% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FUSDT	0.003697	0.0100	pay 0.0050% / 4h	2h 41m	$466K	$702K	50x
Short	KuCoin FUSDTM	0.003704	0.0100	get 0.0050% / 4h	2h 41m	$620K	$1.1M	30x

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 +0.189%Rate

Funding earned: $0
Price spread: +0.189% → +0.050%: $13.93
Slippage, 4 orders: −$264.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$274.95
Costs to cover: 2.889%
Break-even: never at this rate

Slippage from Bitget: live order book, 30 min ago; KuCoin: live order book, 9 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, 30 min ago	1.34 bp	18.7 bp −$19	60.2 bp −$602	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.35 bp	89.6 bp −$90	doesn't fit	doesn't fit	doesn't fit

F 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 FUSDT	+0.0100%	4h	0.003698	+0.038%	$15K	$28K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003694	−0.081%	$3.8M	$6.0M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003694	−0.081%	$2.3M	$2.2M	25x	as long as short
OKX F-USDT-SWAP	+0.0100%	4h	0.003695	−0.054%	$685K	$2.1M	20x	as long as short
Gate F_USDT	+0.0100%	8h	0.003700	+0.081%	$135K	$1.3M	25x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003697	0.000%	$599K	$173K	50x	as long as short
KuCoin FUSDTMshort	+0.0100%	4h	0.003704	+0.189%	$620K	$1.1M	30x
Bitget FUSDTlong	+0.0100%	4h	0.003697	long leg	$466K	$702K	50x
BingX F-USDT	+0.0100%	4h	0.003700	+0.081%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003719	+0.605%	$649	$432	—	as long as short