Funding arb · Price arb /

H

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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 +0.002%

Price spread now: Bitget against KuCoin−0.044%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$985as in the Funding arb table

Net, price: spread back to 7d avg − costs−$955as in the Price arb table

costs, in and out, $10k−$9619.614% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$23 on $10k

Price spread, last 7 days−0.182%−$18 · spread now −0.044%, 7d avg −0.108%

Together, before fees−0.416%−$42 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: Bitget is 0.064% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06824	0.0100	pay 0.0050% / 4h	3h 10m	$1.6M	$10.0M	8x
Short	Bitget HUSDT	0.06821	0.0100	get 0.0050% / 4h	3h 10m	$1.7M	$449K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.108%: $6.37
Slippage, 4 orders: −$937.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$955.02
Costs to cover: 9.614%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 1 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 KuCoin live order book, 3 min ago	2.92 bp	332.6 bp −$333	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	8.80 bp	160.7 bp −$161	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	−8.411%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0098%	4h	0.06819	−0.073%	$589K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06826	+0.034%	$111K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06826	+0.032%	$14.6M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06816	−0.117%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06830	+0.088%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06815	−0.132%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06828	+0.059%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06824	long leg	$1.6M	$10.0M	8x
Bitget HUSDTshort	+0.0100%	4h	0.06821	−0.044%	$1.7M	$449K	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	0.06823	−0.015%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06812	−0.172%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06846	+0.322%	$1.1M	$442K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06823	−0.008%	$9K	$108K	5x	as long as short