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

ORDER

all ORDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: KuCoin against Bybit+0.252%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$968as in the Funding arb table
Net, price: spread back to 7d avg − costs−$971as in the Price arb table
costs, in and out, $10k−$9829.822% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.252%, 7d avg +0.139%
Together, before fees+0.122%+$12 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 0.113% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.139%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ORDERUSDT0.039710.0100pay 0.0100% / 8h1h 09m$1.3M$594K20x
ShortKuCoin ORDERUSDTM0.039810.0100get 0.0050% / 4h1h 09m$220K$88K30x

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

Funding earned
$0
Price spread: +0.252% → +0.139%
$11.25
Slippage, 4 orders
−$959.19
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$970.94
Costs to cover
9.822%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 60 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 Bybit live order book, 1 min ago1.26 bp64.6 bp −$65348.4 bp −$3,484doesn't fitdoesn't fit
Sell KuCoin live order book, 60 min ago18.80 bp252.8 bp −$253doesn't fitdoesn't fitdoesn't fit

ORDER on 11 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
Binance ORDERUSDT+0.0100%4h0.03982+0.283%$1.4M$1.5M50xas long as short
Bybit ORDERUSDTlong+0.0100%8h0.03971long leg$1.3M$594K20x
OKX ORDER-USDT-SWAP+0.0100%4h0.03977+0.151%$161K$295K20xas long as short
Gate ORDER_USDT+0.0100%4h0.03980+0.227%$73K$79K20xas long as short
MEXC ORDER_USDT+0.0100%4h0.03981+0.252%$269K$102K20xas long as short
KuCoin ORDERUSDTMshort+0.0100%4h0.03981+0.252%$220K$88K30x
Bitget ORDERUSDT+0.0100%4h0.03978+0.176%$477K$198K20xas long as short
Variational Omni ORDER+0.0100%8h0.03971+0.012%$10K$2Kas long as short
BloFin ORDER-USDT+0.0127%8h0.03969−0.050%$66K$7K16xas long as short
BingX ORDER-USDT+0.0200%4h0.03976+0.126%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ORDER_USDC+0.0898%4h0.03982+0.277%$188K$215K10xas long as short