Funding arb · Price arb /

TAIKO

all TAIKO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.282%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$717as in the Funding arb table

Net, price: spread back to 7d avg − costs−$743as in the Price arb table

costs, in and out, $10k−$7177.171% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.282%, 7d avg −0.028%

Together, before fees+0.323%+$32 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 0.254% cheaper against KuCoin than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAIKOUSDTM	0.09220	0.0100	pay 0.0050% / 4h	3h 55m	$378K	$33K	20x
Short	Bybit TAIKOUSDT	0.09194	0.0100	get 0.0100% / 8h	7h 55m	$1.1M	$801K	20x

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 −0.282%Rate

Funding earned: $0
Price spread: −0.282% → −0.028%: −$25.39
Slippage, 4 orders: −$694.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$742.51
Costs to cover: 7.171%
Break-even: never at this rate

Slippage from KuCoin: live order book, 38 min ago; Bybit: live order book, just now.

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, 38 min ago	21.69 bp	198.4 bp −$198	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	2.18 bp	50.8 bp −$51	doesn't fit	doesn't fit	doesn't fit

TAIKO on 10 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
Injective TAIKO/USDC PERP	+0.0033%	1h	0.09080	−1.518%	$82	$44K	5.5x	as long as short
Aster TAIKOUSDT	+0.0100%	4h	0.09208	−0.135%	$2K	$1K	5x	as long as short
Binance TAIKOUSDT	+0.0100%	4h	0.09211	−0.098%	$1.4M	$1.9M	20x	as long as short
Bybit TAIKOUSDTshort	+0.0100%	8h	0.09194	−0.282%	$1.1M	$801K	20x
Gate TAIKO_USDT	+0.0100%	4h	0.09190	−0.325%	$135K	$222K	50x	as long as short
MEXC TAIKO_USDT	+0.0100%	4h	0.09206	−0.152%	$424K	$91K	20x	as long as short
KuCoin TAIKOUSDTMlong	+0.0100%	4h	0.09220	long leg	$378K	$33K	20x
Bitget TAIKOUSDT	+0.0100%	4h	0.09184	−0.390%	$924K	$116K	20x	as long as short
BingX TAIKO-USDT	+0.0100%	4h	0.09197	−0.249%	—	$2.4M	—	as long as short
Variational Omni TAIKO	+0.0100%	8h	0.09195	−0.271%	$2K	$2K	—	as long as short