Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.093%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2392.394% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.095%+$9 · spread now −0.093%, 7d avg −0.053%

Together, before fees+0.059%+$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: Bitget is 0.040% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TURBOUSDTM	0.001076	0.0100	pay 0.0050% / 4h	3h 48m	$1.9M	$966K	20x
Short	Bitget TURBOUSDT	0.001075	0.0100	get 0.0050% / 4h	3h 48m	$1.0M	$612K	25x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.053%: −$3.99
Slippage, 4 orders: −$215.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$243.41
Costs to cover: 2.394%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bitget: live order book, 2 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, 7 min ago	7.93 bp	86.4 bp −$86	528.7 bp −$5,287	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	9.28 bp	27.9 bp −$28	126.7 bp −$1,267	doesn't fit	doesn't fit

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0826%	1h	0.001075	−0.054%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.651%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0062%	4h	0.001074	−0.158%	$154K	$496K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001076	0.000%	$316K	$169K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001075	−0.127%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001075	−0.126%	$2.9M	$6.7M	50x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001074	−0.149%	$907K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001074	−0.167%	$389K	$350K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001075	−0.074%	$5.6M	$616K	20x	as long as short
KuCoin TURBOUSDTMlong	+0.0100%	4h	0.001076	long leg	$1.9M	$966K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDTshort	+0.0100%	4h	0.001075	−0.093%	$1.0M	$612K	25x
BingX TURBO-USDT	+0.0100%	4h	0.001076	0.000%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001075	−0.083%	$1K	$200K	5x	as long as short
Bybit 1000TURBOUSDT	+0.0694%	4h	0.001076	+0.037%	$393K	$791K	25x	as long as short