Funding arb · Price arb /

IN

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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 Bybit+0.297%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,073as in the Price arb table

costs, in and out, $10k−$1,09210.922% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.297%, 7d avg +0.102%

Together, before fees−0.313%−$31 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 0.194% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INUSDT	0.03706	0.0100	pay 0.0050% / 4h	51m 59s	$862K	$1.3M	20x
Short	KuCoin INUSDTM	0.03717	0.0100	get 0.0050% / 4h	51m 59s	$305K	$176K	30x

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 +0.297%Rate

Funding earned: $0
Price spread: +0.297% → +0.102%: $19.43
Slippage, 4 orders: −$1,069.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,072.81
Costs to cover: 10.922%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 42 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, 2 min ago	8.08 bp	97.7 bp −$98	1184.6 bp −$11.8K	doesn't fit	doesn't fit
Sell KuCoin live order book, 42 min ago	17.35 bp	618.4 bp −$618	doesn't fit	doesn't fit	doesn't fit

IN on 9 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
Aster INUSDT	+0.0100%	4h	0.03709	+0.068%	$134K	$23K	5x	as long as short
Binance INUSDT	+0.0100%	4h	0.03709	+0.076%	$2.2M	$7.8M	25x	as long as short
Bybit INUSDTlong	+0.0100%	4h	0.03706	long leg	$862K	$1.3M	20x
Gate IN_USDT	+0.0100%	4h	0.03710	+0.108%	$259K	$474K	50x	as long as short
MEXC IN_USDT	+0.0100%	4h	0.03710	+0.108%	$364K	$148K	20x	as long as short
KuCoin INUSDTMshort	+0.0100%	4h	0.03717	+0.297%	$305K	$176K	30x
Bitget INUSDT	+0.0100%	4h	0.03712	+0.162%	$948K	$1.1M	25x	as long as short
BingX IN-USDT	+0.0100%	4h	0.03707	+0.027%	—	$2.3M	—	as long as short
Variational Omni IN	+0.0100%	4h	0.03729	+0.607%	$3K	$1K	—	as long as short