Funding arb · Price arb /

POWER

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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 −0.002%

Price spread now: KuCoin against Bitget−0.188%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2742.736% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days+0.157%+$16 · spread now −0.188%, 7d avg −0.039%

Together, before fees+0.241%+$24 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 0.149% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POWERUSDT	0.1221	0.0100	pay 0.0050% / 4h	28m 21s	$3.3M	$511K	20x
Short	KuCoin POWERUSDTM	0.1219	0.0100	get 0.0050% / 4h	28m 21s	$2.4M	$15.2M	20x

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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.039%: −$14.89
Slippage, 4 orders: −$249.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$288.47
Costs to cover: 2.736%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 5 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 Bitget live order book, 4 min ago	7.37 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	10.66 bp	43.7 bp −$44	885.9 bp −$8,859	doesn't fit	doesn't fit

POWER on 10 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
Binance POWERUSDT	+0.0100%	4h	0.1221	−0.057%	$3.6M	$5.6M	20x	as long as short
Bybit POWERUSDT	+0.0100%	4h	0.1221	−0.049%	$2.0M	$1.5M	20x	as long as short
Gate POWER_USDT	+0.0100%	8h	0.1227	+0.483%	$231K	$115K	20x	as long as short
MEXC POWER_USDT	+0.0100%	4h	0.1221	−0.016%	$14.1M	$438K	20x	as long as short
KuCoin POWERUSDTMshort	+0.0100%	4h	0.1219	−0.188%	$2.4M	$15.2M	20x
Bitget POWERUSDTlong	+0.0100%	4h	0.1221	long leg	$3.3M	$511K	20x
BingX POWER-USDT	+0.0100%	4h	0.1221	−0.049%	—	$1.4M	—	as long as short
Variational Omni POWER	+0.0100%	4h	0.1221	−0.005%	$18K	$3K	—	as long as short
BloFin POWER-USDT	+0.0107%	4h	0.1223	+0.147%	$211K	$131K	20x	as long as short
Aster POWERUSDT	+0.0246%	4h	0.1220	−0.085%	$24K	$26K	5x	as long as short