Funding arb · Price arb /

HAEDAL

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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 0.000%

Price spread now: KuCoin against Bitget+0.146%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,174as in the Price arb table

costs, in and out, $10k−$2,19321.929% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.146%, 7d avg −0.043%

Together, before fees−0.195%−$20 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 0.189% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HAEDALUSDT	0.02048	0.0100	pay 0.0050% / 4h	1h 29m	$199K	$208K	10x
Short	KuCoin HAEDALUSDTM	0.02051	0.0100	get 0.0050% / 4h	1h 29m	$116K	$48K	10x

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 +0.146%Rate

Funding earned: $0
Price spread: +0.146% → −0.043%: $18.9
Slippage, 4 orders: −$2,168.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,173.98
Costs to cover: 21.929%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; KuCoin: live order book, 72 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, 8 min ago	9.74 bp	56.4 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 72 min ago	31.49 bp	1028.4 bp −$1,028	doesn't fit	doesn't fit	doesn't fit

HAEDAL on 8 exchanges

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
Binance HAEDALUSDT	+0.0100%	4h	0.02051	+0.146%	$1.5M	$1.7M	10x	as long as short
Bybit HAEDALUSDT	+0.0100%	4h	0.02051	+0.146%	$383K	$207K	13x	as long as short
Gate HAEDAL_USDT	+0.0100%	4h	0.02048	0.000%	$78K	$40K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02047	−0.049%	$145K	$198K	125x	as long as short
KuCoin HAEDALUSDTMshort	+0.0100%	4h	0.02051	+0.146%	$116K	$48K	10x
Bitget HAEDALUSDTlong	+0.0100%	4h	0.02048	long leg	$199K	$208K	10x
BingX HAEDAL-USDT	+0.0100%	4h	0.02047	−0.049%	—	$1.2M	—	as long as short
Variational Omni HAEDAL	+0.0100%	4h	0.02047	−0.048%	$354	$2K	—	as long as short