Settings8H · net · $10k
Funding arb · Price arb /

NOT

all NOT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment $0.20 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.118%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2902.900% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.068%−$7 on $10k
Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.118%, 7d avg −0.103%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.103%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NOTUSDT0.00050970.0100pay 0.0050% / 4h2h 29m$672K$408K50x
ShortKuCoin NOTUSDTM0.00050910.0060get 0.0030% / 4h2h 29m$466K$134K50x

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

Funding earned
−$8.4
Price spread: −0.118% → −0.103%
−$1.49
Slippage, 4 orders
−$265.99
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$299.88
Costs to cover
2.900%
Break-even
never at this rate
Slippage from Bitget: live order book, 35 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 35 min ago8.79 bp33.6 bp −$34174.9 bp −$1,749doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago20.74 bp130.3 bp −$130365.9 bp −$3,659doesn't fitdoesn't fit

NOT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0197%4h0.0005087−0.202%$72K$39Kas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−4.375%$1K$13K5.5xas long as short
KuCoin NOTUSDTMshort+0.0060%4h0.0005091−0.118%$466K$134K50x
Lighter 1000NOT+0.0096%1h0.0005105+0.151%$11K$5K3xas long as short
Hyperliquid NOT+0.0100%1h0.0005090−0.137%$371K$51K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005095−0.031%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005096−0.016%$2.1M$3.1M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005088−0.177%$2.1M$875K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005094−0.059%$638K$660K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005088−0.177%$144K$81K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005096−0.020%$1.3M$472K200xas long as short
Bitget NOTUSDTlong+0.0100%4h0.0005097long leg$672K$408K50x
BingX NOT-USDT+0.0100%4h0.0005094−0.059%$8.9Mas long as short
Extended kNOT-USD+0.0104%1h0.0005095−0.044%$4K$4915xas long as short
Kraken Futures PF_NOTUSD+0.0201%1h0.0005108+0.222%$50K$10K10xas long as short