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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.085%
Price spread now: Bitget against KuCoin+0.424%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,174as in the Price arb table
costs, in and out, $10k−$1,20312.034% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.215%+$21 on $10k
Price spread, last 7 days−0.306%−$31 · spread now +0.424%, 7d avg +0.133%
Together, before fees−0.092%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.291% dearer against KuCoin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.133%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUSDTM0.016260.0100pay 0.0050% / 4h1h 42m$4.0M$399K20x
ShortBitget USUSDT0.016330.0168get 0.0084% / 4h1h 42m$4.3M$266K10x

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

Funding earned
$14.28
Price spread: +0.424% → +0.133%
$29.09
Slippage, 4 orders
−$1,179.35
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,159.98
Costs to cover
12.034%
Break-even
575.6 days
Slippage from KuCoin: live order book, 5 min ago; Bitget: 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 KuCoin live order book, 5 min ago23.69 bp518.8 bp −$519doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago13.44 bp36.8 bp −$37213.4 bp −$2,134doesn'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 USUSDT+0.0100%4h0.01635+0.541%$3.2M$936K20xas long as short
Gate US_USDT+0.0100%4h0.01634+0.467%$2.1M$602K20xas long as short
KuCoin USUSDTMlong+0.0100%4h0.01626long leg$4.0M$399K20x
Variational Omni US+0.0100%4h0.01635+0.524%$16K$4Kas long as short
Bitget USUSDTshort+0.0168%4h0.01633+0.424%$4.3M$266K10x
Aster USUSDT+0.0296%4h0.01634+0.501%$12K$54K5xas long as short
BloFin US-USDT+0.0410%4h0.01636+0.615%$481K$49K10xas long as short
MEXC US_USDT+0.0420%4h0.01634+0.480%$5.5M$113K100xas long as short
Binance USUSDT+0.0421%4h0.01634+0.480%$9.1M$3.3M10xas long as short
Extended US-USD+0.0424%1h0.01634+0.497%$6K$171K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0434%4h0.01634+0.510%$1.3Mas long as short