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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin+0.089%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,335as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,324as in the Price arb table
costs, in and out, $10k−$1,32513.252% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.102%−$10 on $10k
Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.089%, 7d avg +0.074%
Together, before fees−0.133%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 10000SATSUSDTM0.000000012300.0100pay 0.0050% / 4h2h 16m$198K$89K10x
ShortBybit 10000SATSUSDT0.000000012310.0100get 0.0050% / 4h2h 16m$286K$889K13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.089% → +0.074%
$1.53
Slippage, 4 orders
−$1,302.21
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,323.69
Costs to cover
13.252%
Break-even
never at this rate
Slippage from KuCoin: live order book, 40 min ago; Bybit: live order book, 29 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 KuCoin live order book, 40 min ago4.04 bp674.5 bp −$675doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 29 min ago4.05 bp63.2 bp −$63doesn't fitdoesn't fitdoesn't fit

SATS on 8 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 1000SATSUSDT+0.0100%4h0.00000001228−0.163%$2.2M$5.6M25xas long as short
Bybit 10000SATSUSDTshort+0.0100%4h0.00000001231+0.089%$286K$889K13x
OKX SATS-USDT-SWAP+0.0100%8h0.00000001229−0.122%$808K$3.0M10xas long as short
Gate SATS_USDT+0.0100%4h0.00000001228−0.163%$360K$260K25xas long as short
MEXC SATS_USDT+0.0100%8h0.00000001229−0.081%$374K$189K100xas long as short
KuCoin 10000SATSUSDTMlong+0.0100%4h0.00000001230long leg$198K$89K10x
Bitget 1000SATSUSDT+0.0100%4h0.000000012300.000%$716K$248K25xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001231+0.081%$5.6Mas long as short