Funding arb · Price arb /

PROMPT

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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 +0.009%

Price spread now: KuCoin against Bybit−0.412%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,086as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,130as in the Price arb table

costs, in and out, $10k−$1,09010.897% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.413%+$41 · spread now −0.412%, 7d avg −0.014%

Together, before fees+0.453%+$45 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 0.399% cheaper against Bybit than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PROMPTUSDT	0.02182	0.0100	pay 0.0050% / 4h	48m 46s	$332K	$251K	5x
Short	KuCoin PROMPTUSDTM	0.02173	0.0100	get 0.0050% / 4h	48m 46s	$101K	$91K	30x

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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.412%Rate

Funding earned: $0
Price spread: −0.412% → −0.014%: −$39.87
Slippage, 4 orders: −$1,066.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,129.61
Costs to cover: 10.897%
Break-even: never at this rate

Slippage from Bybit: live order book, 49 min ago; KuCoin: live order book, 37 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 Bybit live order book, 49 min ago	4.54 bp	150.1 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 37 min ago	18.22 bp	451.5 bp −$452	doesn't fit	doesn't fit	doesn't fit

PROMPT on 9 exchanges

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 PROMPTUSDT	+0.0100%	4h	0.02178	−0.188%	$3K	$1K	5x	as long as short
Binance PROMPTUSDT	+0.0100%	4h	0.02180	−0.092%	$1.2M	$2.3M	40x	as long as short
Bybit PROMPTUSDTlong	+0.0100%	4h	0.02182	long leg	$332K	$251K	5x
Gate PROMPT_USDT	+0.0100%	4h	0.02176	−0.275%	$546K	$94K	20x	as long as short
MEXC PROMPT_USDT	+0.0100%	4h	0.02181	−0.046%	$123K	$129K	20x	as long as short
KuCoin PROMPTUSDTMshort	+0.0100%	4h	0.02173	−0.412%	$101K	$91K	30x
BingX PROMPT-USDT	+0.0100%	4h	0.02182	0.000%	—	$6.5M	—	as long as short
Variational Omni PROMPT	+0.0100%	4h	0.02169	−0.576%	$3K	$5K	—	as long as short
Kraken Futures PF_PROMPTUSD	+0.0227%	1h	0.02170	−0.559%	$3K	$4K	10x	as long as short