Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: KuCoin against Bybit+0.100%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs−$718as in the Funding arb table

Net, price: spread back to 7d avg − costs−$752as in the Price arb table

costs, in and out, $10k−$7427.418% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 7 days+0.195%+$19 · spread now +0.100%, 7d avg +0.200%

Together, before fees+0.437%+$44 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 0.099% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06991	0.0100	pay 0.0050% / 4h	48m 04s	$7.6M	$4.6M	13x
Short	KuCoin HUSDTM	0.06998	0.0100	get 0.0050% / 4h	48m 04s	$1.6M	$10.1M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.200%: −$9.95
Slippage, 4 orders: −$718.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$751.71
Costs to cover: 7.418%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 10 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 Bybit live order book, 5 min ago	2.85 bp	40.1 bp −$40	224.1 bp −$2,241	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	3.58 bp	280.5 bp −$281	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	−10.599%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0087%	4h	0.06999	+0.114%	$587K	$117K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06998	+0.103%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07004	+0.185%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06991	long leg	$7.6M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07008	+0.243%	$1.8M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06994	+0.043%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07000	+0.129%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06998	+0.100%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06994	+0.043%	$1.7M	$451K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06998	+0.100%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07018	+0.381%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07024	+0.472%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07003	+0.165%	$11K	$107K	5x	as long as short