Funding arb · Price arb /

POWR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.299%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,080as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,141as in the Price arb table

costs, in and out, $10k−$1,16011.600% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.796%+$80 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.299%, 7d avg +0.110%

Together, before fees+0.586%+$59 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 0.189% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POWRUSDT	0.06363	0.0100	pay 0.0050% / 4h	3h 53m	$372K	$203K	50x
Short	KuCoin POWRUSDTM	0.06382	0.0100	get 0.0050% / 4h	3h 53m	$643K	$105K	30x

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 +0.299%Rate

Funding earned: $0
Price spread: +0.299% → +0.110%: $18.9
Slippage, 4 orders: −$1,135.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,141.07
Costs to cover: 11.600%
Break-even: never at this rate

Slippage from Bitget: live order book, 37 min ago; KuCoin: live order book, 51 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, 37 min ago	6.28 bp	39.7 bp −$40	248.5 bp −$2,485	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	24.89 bp	658.2 bp −$658	doesn't fit	doesn't fit	doesn't fit

POWR 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
BingX POWR-USDT	+0.0070%	4h	0.06363	0.000%	—	$1.3M	—	as long as short
Aster POWRUSDT	+0.0100%	4h	0.06366	+0.041%	$13K	$43K	5x	as long as short
Binance POWRUSDT	+0.0100%	4h	0.06365	+0.027%	$1.4M	$2.2M	50x	as long as short
Gate POWR_USDT	+0.0100%	4h	0.06358	−0.079%	$106K	$27K	10x	as long as short
MEXC POWR_USDT	+0.0100%	4h	0.06367	+0.063%	$1.1M	$108K	50x	as long as short
KuCoin POWRUSDTMshort	+0.0100%	4h	0.06382	+0.299%	$643K	$105K	30x
Bitget POWRUSDTlong	+0.0100%	4h	0.06363	long leg	$372K	$203K	50x
Variational Omni POWR	+0.0415%	4h	0.06368	+0.086%	$509	$2K	—	as long as short
Kraken Futures PF_POWRUSD	+0.1181%	1h	0.06394	+0.493%	$16K	$11K	10x	as long as short
Bybit POWRUSDT	+0.3529%	4h	0.06354	−0.141%	$917K	$537K	13x	as long as short