Funding arb · Price arb /

INIT

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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 0.000%

Price spread now: KuCoin against Bybit+0.167%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,608as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,605as in the Price arb table

costs, in and out, $10k−$1,61216.123% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.167%, 7d avg +0.096%

Together, before fees−0.022%−$2 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 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INITUSDT	0.08380	0.0100	pay 0.0050% / 4h	1h 43m	$1.4M	$1.5M	25x
Short	KuCoin INITUSDTM	0.08394	0.0100	get 0.0050% / 4h	1h 43m	$325K	$61K	25x

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 +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.096%: $7.12
Slippage, 4 orders: −$1,589.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,605.19
Costs to cover: 16.123%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 74 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, 3 min ago	4.77 bp	44.2 bp −$44	77.5 bp −$775	doesn't fit	doesn't fit
Sell KuCoin live order book, 74 min ago	36.70 bp	520.9 bp −$521	doesn't fit	doesn't fit	doesn't fit

INIT on 13 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
Kraken Futures PF_INITUSD	−0.0001%	1h	0.08390	+0.118%	$5K	$24K	10x	as long as short
BloFin INIT-USDT	+0.0083%	4h	0.08389	+0.107%	$152K	$80K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08392	+0.149%	$312K	$177K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08393	+0.150%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08393	+0.155%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDTlong	+0.0100%	4h	0.08380	long leg	$1.4M	$1.5M	25x
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08392	+0.143%	$141K	$689K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08380	0.000%	$82K	$36K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08395	+0.179%	$447K	$180K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08394	+0.167%	$325K	$61K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INITUSDT	+0.0100%	4h	0.08384	+0.048%	$430K	$288K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08385	+0.060%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08374	−0.071%	$27K	$12K	—	as long as short