Funding arb · Price arb /

PIXEL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin+0.073%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$247as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2482.479% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.073%, 7d avg +0.011%

Together, before fees+0.020%+$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: Bitget is 0.062% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIXELUSDTM	0.005467	0.0100	pay 0.0050% / 4h	30m 31s	$359K	$65K	25x
Short	Bitget PIXELUSDT	0.005471	0.0100	get 0.0050% / 4h	30m 31s	$584K	$382K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.011%: $6.2
Slippage, 4 orders: −$223.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$241.72
Costs to cover: 2.479%
Break-even: never at this rate

Slippage from KuCoin: live order book, 51 min ago; Bitget: live order book, 25 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 KuCoin live order book, 51 min ago	14.60 bp	51.0 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	10.08 bp	35.3 bp −$35	221.2 bp −$2,212	doesn't fit	doesn't fit

PIXEL on 11 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
Aster PIXELUSDT	+0.0100%	4h	0.005470	+0.062%	$4K	$4K	5x	as long as short
Binance PIXELUSDT	+0.0100%	4h	0.005471	+0.073%	$1.8M	$1.7M	25x	as long as short
Gate PIXEL_USDT	+0.0100%	4h	0.005472	+0.091%	$154K	$39K	50x	as long as short
MEXC PIXEL_USDT	+0.0100%	4h	0.005470	+0.055%	$908K	$210K	20x	as long as short
KuCoin PIXELUSDTMlong	+0.0100%	4h	0.005467	long leg	$359K	$65K	25x
Bitget PIXELUSDTshort	+0.0100%	4h	0.005471	+0.073%	$584K	$382K	25x
Variational Omni PIXEL	+0.0100%	4h	0.005474	+0.120%	$1K	$254	—	as long as short
BloFin PIXEL-USDT	+0.0125%	4h	0.005466	−0.018%	$115K	$9K	50x	as long as short
Bybit PIXELUSDT	+0.0293%	4h	0.005471	+0.073%	$527K	$181K	25x	as long as short
BingX PIXEL-USDT	+0.0298%	4h	0.005474	+0.128%	—	$1.3M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PIXELUSD	+0.9180%	1h	0.005473	+0.101%	$5K	$1K	10x	as long as short