Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bybit+0.346%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,004as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,011as in the Price arb table

costs, in and out, $10k−$1,04010.402% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.346%, 7d avg +0.057%

Together, before fees+0.065%+$6 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 0.289% dearer against Bybit than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02482	0.0100	pay 0.0050% / 4h	53m 50s	$1.5M	$753K	25x
Short	KuCoin STABLEUSDTM	0.02491	0.0100	get 0.0050% / 4h	53m 50s	$178K	$28K	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 +0.346%Rate

Funding earned: $0
Price spread: +0.346% → +0.057%: $28.9
Slippage, 4 orders: −$1,017.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,011.26
Costs to cover: 10.402%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 70 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, 2 min ago	4.03 bp	29.8 bp −$30	376.4 bp −$3,764	doesn't fit	doesn't fit
Sell KuCoin live order book, 70 min ago	28.26 bp	650.2 bp −$650	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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 STABLEUSDT	−0.0019%	4h	0.02481	−0.049%	$19K	$6K	20x	as long as short
BloFin STABLE-USDT	+0.0094%	4h	0.02483	+0.024%	$112K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02496	+0.544%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02482	−0.036%	$875K	$225K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02481	−0.071%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02482	long leg	$1.5M	$753K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02482	−0.016%	$204K	$406K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02484	+0.064%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02482	−0.016%	$662K	$154K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02491	+0.346%	$178K	$28K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02484	+0.064%	$293K	$115K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02483	+0.024%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02486	+0.132%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02480	−0.085%	$1K	$661K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02482	−0.036%	$12K	$175K	10x	as long as short