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

STABLE

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SwapBacktest
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: Bitget against KuCoin−0.121%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,099as in the Price arb table
costs, in and out, $10k−$1,09710.974% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.121%, 7d avg −0.105%
Together, before fees−0.155%−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin STABLEUSDTM0.024770.0100pay 0.0050% / 4h2h 39m$174K$27K30x
ShortBitget STABLEUSDT0.024740.0100get 0.0050% / 4h2h 39m$291K$116K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.121% → −0.105%
−$1.56
Slippage, 4 orders
−$1,073.37
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,098.94
Costs to cover
10.974%
Break-even
never at this rate
Slippage from KuCoin: live order book, 40 min ago; Bitget: live order book, 44 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 ago24.17 bp331.9 bp −$332doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 44 min ago2.02 bp57.7 bp −$58209.5 bp −$2,095doesn't fitdoesn't fit

STABLE on 15 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
Aster STABLEUSDT−0.0313%4h0.02469−0.323%$19K$7K20xas long as short
Hyperliquid STABLE+0.0053%1h0.02469−0.327%$871K$234K3xas long as short
BloFin STABLE-USDT+0.0064%4h0.02467−0.404%$114K$8K75xas long as short
Bybit STABLEUSDT+0.0084%4h0.02472−0.202%$1.5M$819K25xas long as short
Lighter STABLE+0.0096%1h0.02487+0.420%$114K$3K3xas long as short
Binance STABLEUSDT+0.0100%4h0.02468−0.363%$2.4M$2.7M75xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02467−0.404%$204K$416K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02470−0.283%$171K$87K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02467−0.404%$658K$157K20xas long as short
KuCoin STABLEUSDTMlong+0.0100%4h0.02477long leg$174K$27K30x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDTshort+0.0100%4h0.02474−0.121%$291K$116K25x
BingX STABLE-USDT+0.0100%4h0.02473−0.161%$6.6Mas long as short
Variational Omni STABLE+0.0100%4h0.02473−0.161%$145K$51Kas long as short
SunX STABLE-USDT+0.0100%4h0.02469−0.319%$2K$644K20xas long as short
Extended STABLE-USD+0.0104%1h0.02467−0.393%$12K$175K10xas long as short