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

FLUID

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.028%7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs−$955as in the Funding arb table
Net, price: spread back to 7d avg − costs−$940as in the Price arb table
costs, in and out, $10k−$9569.555% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.028%, 7d avg −0.180%
Together, before fees−0.068%−$7 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 0.152% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.180%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin FLUIDUSDTM1.41200.0100pay 0.0050% / 4h27m 06s$205K$157K50x
ShortBybit FLUIDUSDT1.41160.0100get 0.0050% / 4h27m 06s$1.4M$424K25x

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

Funding earned
$0
Price spread: −0.028% → −0.180%
$15.18
Slippage, 4 orders
−$932.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$940.36
Costs to cover
9.555%
Break-even
never at this rate
Slippage from KuCoin: live order book, 53 min ago; Bybit: live order book, 4 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, 53 min ago17.65 bp506.3 bp −$506doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.18 bp76.9 bp −$77doesn't fitdoesn't fitdoesn't fit

FLUID on 9 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
Binance FLUIDUSDT+0.0100%4h1.4100−0.142%$1.1M$1.4M75xas long as short
Bybit FLUIDUSDTshort+0.0100%4h1.4116−0.028%$1.4M$424K25x
Gate FLUID_USDT+0.0100%4h1.4090−0.212%$90K$64K20xas long as short
MEXC FLUID_USDT+0.0100%4h1.4110−0.071%$1.2M$115K100xas long as short
KuCoin FLUIDUSDTMlong+0.0100%4h1.4120long leg$205K$157K50x
Bitget FLUIDUSDT+0.0100%4h1.4130+0.071%$251K$173K75xas long as short
BingX FLUID-USDT+0.0100%4h1.4130+0.071%$2.3Mas long as short
Variational Omni FLUID+0.0100%4h1.4131+0.075%$19K$9Kas long as short
BloFin FLUID-USDT+0.0101%4h1.4140+0.142%$69K$3K75xas long as short