Funding arb · Price arb /

SXT

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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 −0.018%

Price spread now: Bybit against KuCoin0.000%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,042as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,020as in the Price arb table

costs, in and out, $10k−$1,03310.328% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now 0.000%, 7d avg −0.125%

Together, before fees−0.180%−$18 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: Bybit is 0.125% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SXTUSDTM	0.008910	0.0100	pay 0.0050% / 4h	1h 22m	$129K	$90K	25x
Short	Bybit SXTUSDT	0.008910	0.0100	get 0.0050% / 4h	1h 22m	$537K	$251K	13x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.125%: $12.49
Slippage, 4 orders: −$1,009.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,020.32
Costs to cover: 10.328%
Break-even: never at this rate

Slippage from KuCoin: live order book, 41 min ago; Bybit: live order book, 53 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 KuCoin live order book, 41 min ago	11.22 bp	516.5 bp −$517	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 53 min ago	2.80 bp	92.7 bp −$93	doesn't fit	doesn't fit	doesn't fit

SXT on 9 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 SXTUSDT	+0.0100%	4h	0.008967	+0.641%	$6K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008901	−0.098%	$1.6M	$2.1M	25x	as long as short
Bybit SXTUSDTshort	+0.0100%	4h	0.008910	0.000%	$537K	$251K	13x
MEXC SXT_USDT	+0.0100%	4h	0.008904	−0.067%	$2.0M	$123K	50x	as long as short
KuCoin SXTUSDTMlong	+0.0100%	4h	0.008910	long leg	$129K	$90K	25x
Bitget SXTUSDT	+0.0100%	4h	0.008908	−0.022%	$486K	$97K	25x	as long as short
BingX SXT-USDT	+0.0100%	4h	0.008900	−0.112%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008886	−0.271%	$527	$4K	—	as long as short
BloFin SXT-USDT	+0.0108%	4h	0.008901	−0.101%	$109K	$13K	25x	as long as short