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: Bybit against KuCoin−0.150%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3143.139% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.303%−$30 · spread now −0.150%, 7d avg −0.010%

Together, before fees−0.339%−$34 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 0.140% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TURBOUSDTM	0.001066	0.0100	pay 0.0050% / 4h	3h 38m	$1.8M	$965K	20x
Short	Bybit 1000TURBOUSDT	0.001065	0.0100	get 0.0050% / 4h	3h 38m	$386K	$799K	25x

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 −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.010%: −$13.95
Slippage, 4 orders: −$290.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$327.88
Costs to cover: 3.139%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 52 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, 8 min ago	8.86 bp	157.2 bp −$157	684.4 bp −$6,844	doesn't fit	doesn't fit
Sell Bybit live order book, 52 min ago	7.93 bp	33.0 bp −$33	389.8 bp −$3,898	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	−0.0835%	1h	0.001064	−0.225%	$71K	$33K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.234%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001067	+0.047%	$314K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001065	−0.140%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001065	−0.132%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDTshort	+0.0100%	4h	0.001065	−0.150%	$386K	$799K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001066	−0.047%	$900K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001065	−0.103%	$387K	$351K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001065	−0.113%	$5.5M	$619K	20x	as long as short
KuCoin TURBOUSDTMlong	+0.0100%	4h	0.001066	long leg	$1.8M	$965K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001065	−0.141%	$1.0M	$608K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001065	−0.169%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001065	−0.148%	$1K	$200K	5x	as long as short
BloFin TURBO-USDT	+0.0128%	4h	0.001066	−0.047%	$154K	$493K	75x	as long as short