Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Bitget0.000%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,035as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,067as in the Price arb table

costs, in and out, $10k−$1,05710.571% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 7 days+0.310%+$31 · spread now 0.000%, 7d avg +0.103%

Together, before fees+0.526%+$53 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 0.103% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06847	0.0100	pay 0.0050% / 4h	3h 22m	$1.7M	$418K	4x
Short	KuCoin HUSDTM	0.06847	0.0100	get 0.0050% / 4h	3h 22m	$1.6M	$10.1M	8x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.103%: −$10.28
Slippage, 4 orders: −$1,033.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,067.33
Costs to cover: 10.571%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 6 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, 4 min ago	8.10 bp	177.7 bp −$178	621.0 bp −$6,210	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.45 bp	255.6 bp −$256	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.719%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0051%	4h	0.06842	−0.073%	$591K	$104K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06845	−0.031%	$108K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06857	+0.146%	$14.5M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06845	−0.037%	$7.5M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06865	+0.263%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06845	−0.029%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06855	+0.117%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06847	0.000%	$1.6M	$10.1M	8x
Bitget HUSDTlong	+0.0100%	4h	0.06847	long leg	$1.7M	$418K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06860	+0.190%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06802	−0.655%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06879	+0.470%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06855	+0.120%	$11K	$206K	5x	as long as short