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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: KuCoin against Bybit+0.012%7-day average −0.397% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,328as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,269as in the Price arb table
costs, in and out, $10k−$1,31013.098% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.181%−$18 on $10k
Price spread, last 7 days−0.280%−$28 · spread now +0.012%, 7d avg −0.397%
Together, before fees−0.461%−$46 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: KuCoin is 0.409% dearer against Bybit than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.397%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USUSDT0.016330.0100pay 0.0050% / 4h3h 12m$3.2M$880K20x
ShortKuCoin USUSDTM0.016330.0100get 0.0050% / 4h3h 12m$4.2M$276K20x

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
$0
Price spread: +0.012% → −0.397%
$40.89
Slippage, 4 orders
−$1,286.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,268.91
Costs to cover
13.098%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago9.15 bp137.8 bp −$138doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago18.38 bp428.0 bp −$428doesn't fitdoesn't fitdoesn't fit

US on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit USUSDTlong+0.0100%4h0.01633long leg$3.2M$880K20x
Gate US_USDT+0.0100%4h0.01634+0.074%$2.0M$566K20xas long as short
KuCoin USUSDTMshort+0.0100%4h0.01633+0.012%$4.2M$276K20x
Variational Omni US+0.0100%4h0.01640+0.438%$16K$3Kas long as short
Bitget USUSDT+0.0390%4h0.01635+0.165%$4.3M$250K10xas long as short
Aster USUSDT+0.0757%4h0.01637+0.254%$12K$53K5xas long as short
BingX US-USDT+0.0776%4h0.016330.000%$1.3Mas long as short
BloFin US-USDT+0.0784%4h0.01639+0.410%$478K$49K10xas long as short
Extended US-USD+0.0816%1h0.01633+0.029%$4K$95K5xas long as short
MEXC US_USDT+0.0818%4h0.01634+0.067%$5.5M$114K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance USUSDT+0.0818%4h0.01634+0.069%$9.1M$3.1M10xas long as short