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

FORM

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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: KuCoin against Bitget+0.194%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$500as in the Funding arb table
Net, price: spread back to 7d avg − costs−$477as in the Price arb table
costs, in and out, $10k−$5004.998% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.194%, 7d avg −0.033%
Together, before fees−0.324%−$32 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 0.228% dearer against Bitget than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FORMUSDT0.36070.0100pay 0.0050% / 4h3h 41m$1.2M$8.4M50x
ShortKuCoin FORMUSDTM0.36140.0100get 0.0050% / 4h3h 41m$357K$1.0M30x

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

Funding earned
$0
Price spread: +0.194% → −0.033%
$22.75
Slippage, 4 orders
−$475.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$477
Costs to cover
4.998%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 13 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 Bitget live order book, 2 min ago5.55 bp43.1 bp −$43147.0 bp −$1,470doesn't fitdoesn't fit
Sell KuCoin live order book, 13 min ago19.84 bp194.3 bp −$194doesn't fitdoesn't fitdoesn't fit

FORM on 10 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
gTrade (Gains Network) FORM/USDL −0.0007% / S +0.0008%1h0.3615+0.210%as long as short
BloFin FORM-USDT+0.0046%4h0.3606−0.028%$1.0M$371K50xas long as short
BingX FORM-USDT+0.0070%4h0.3611+0.111%$3.6Mas long as short
Aster FORMUSDT+0.0100%4h0.3615+0.235%$50K$741K5xas long as short
Binance FORMUSDT+0.0100%4h0.3614+0.207%$19.3M$145.0M50xas long as short
Bybit FORMUSDT+0.0100%4h0.3615+0.213%$2.4M$12.2M20xas long as short
Gate FORM_USDT+0.0100%4h0.3608+0.028%$778K$4.2M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3612+0.139%$1.5M$8.7M100xas long as short
KuCoin FORMUSDTMshort+0.0100%4h0.3614+0.194%$357K$1.0M30x
Bitget FORMUSDTlong+0.0100%4h0.3607long leg$1.2M$8.4M50x