Funding arb · Price arb /

HAEDAL

all HAEDAL markets

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 Bybit−0.096%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,210as in the Price arb table

costs, in and out, $10k−$2,19921.985% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.353%+$35 on $10k

Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.096%, 7d avg +0.016%

Together, before fees+0.707%+$71 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 0.112% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HAEDALUSDT	0.02078	0.0100	pay 0.0050% / 4h	3h 44m	$389K	$235K	13x
Short	KuCoin HAEDALUSDTM	0.02076	0.0100	get 0.0050% / 4h	3h 44m	$117K	$51K	10x

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 −0.096%Rate

Funding earned: $0
Price spread: −0.096% → +0.016%: −$11.2
Slippage, 4 orders: −$2,175.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,209.7
Costs to cover: 21.985%
Break-even: never at this rate

Slippage from Bybit: live order book, 45 min ago; KuCoin: live order book, 40 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, 45 min ago	7.24 bp	170.1 bp −$170	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 40 min ago	48.38 bp	1164.6 bp −$1,165	doesn't fit	doesn't fit	doesn't fit

HAEDAL on 8 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
Binance HAEDALUSDT	+0.0100%	4h	0.02079	+0.048%	$1.5M	$1.9M	10x	as long as short
Bybit HAEDALUSDTlong	+0.0100%	4h	0.02078	long leg	$389K	$235K	13x
Gate HAEDAL_USDT	+0.0100%	4h	0.02077	−0.048%	$77K	$45K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02079	+0.048%	$150K	$199K	125x	as long as short
KuCoin HAEDALUSDTMshort	+0.0100%	4h	0.02076	−0.096%	$117K	$51K	10x
Bitget HAEDALUSDT	+0.0100%	4h	0.02078	0.000%	$199K	$228K	10x	as long as short
BingX HAEDAL-USDT	+0.0100%	4h	0.02079	+0.048%	—	$1.3M	—	as long as short
Variational Omni HAEDAL	+0.0100%	4h	0.02078	+0.008%	$360	$2K	—	as long as short