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

TURBO

all TURBO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.019%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2792.788% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 4 days (all we have)+0.218%+$22 · spread now +0.019%, 7d avg +0.011%
Together, before fees+0.254%+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000TURBOUSDT0.0010660.0100pay 0.0050% / 4h2h 17m$382K$794K25x
ShortKuCoin TURBOUSDTM0.0010660.0216get 0.0108% / 4h2h 17m$1.9M$984K20x

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

Funding earned
$24.36
Price spread: +0.019% → +0.011%
$0.78
Slippage, 4 orders
−$255.82
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$253.68
Costs to cover
2.788%
Break-even
79.9 days
Slippage from Bybit: live order book, 30 min ago; KuCoin: live order book, 2 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 Bybit live order book, 30 min ago9.38 bp37.6 bp −$38847.0 bp −$8,470doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago9.38 bp103.9 bp −$104605.2 bp −$6,052doesn't fitdoesn't fit

TURBO on 14 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TURBOUSD−0.1997%1h0.001066−0.062%$71K$32K20xas long as short
Injective TURBO/USDC PERP+0.0033%1h0.001069+0.263%$83$45.5xas long as short
BloFin TURBO-USDT+0.0092%4h0.001065−0.141%$152K$500K75xas long as short
Hyperliquid TURBO+0.0100%1h0.001066−0.019%$311K$183K3xas long as short
Aster TURBOUSDT+0.0100%4h0.001064−0.171%$10K$22K10xas long as short
Binance TURBOUSDT+0.0100%4h0.001064−0.200%$2.9M$6.8M50xas long as short
Bybit 1000TURBOUSDTlong+0.0100%4h0.001066long leg$382K$794K25x
OKX TURBO-USDT-SWAP+0.0100%4h0.001065−0.150%$903K$2.4M20xas long as short
Gate TURBO_USDT+0.0100%4h0.001066+0.019%$391K$360K25xas long as short
MEXC TURBO_USDT+0.0100%4h0.001063−0.310%$5.6M$619K20xas long as short
Show all 14 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TURBOUSDT+0.0100%4h0.001065−0.113%$1.0M$620K25xas long as short
BingX TURBO-USDT+0.0100%4h0.001065−0.141%$9.6Mas long as short
Extended TURBO-USD+0.0104%1h0.001064−0.232%$3K$194K5xas long as short
KuCoin TURBOUSDTMshort+0.0216%4h0.001066+0.019%$1.9M$984K20x