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: Bybit against KuCoin+0.226%7-day average +0.397% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,268as in the Price arb table
costs, in and out, $10k−$1,25112.513% 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+0.169%+$17 · spread now +0.226%, 7d avg +0.397%
Together, before fees+0.350%+$35 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 0.171% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.397%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUSDTM0.016350.0100pay 0.0050% / 4h28m 25s$4.1M$291K20x
ShortBybit USUSDT0.016390.0100get 0.0050% / 4h28m 25s$3.2M$926K20x

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

Funding earned
$0
Price spread: +0.226% → +0.397%
−$17.08
Slippage, 4 orders
−$1,228.27
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,268.34
Costs to cover
12.513%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago23.24 bp562.7 bp −$563doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago12.19 bp118.6 bp −$119doesn'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 USUSDTshort+0.0100%4h0.01639+0.226%$3.2M$926K20x
Gate US_USDT+0.0100%4h0.01638+0.147%$2.1M$592K20xas long as short
KuCoin USUSDTMlong+0.0100%4h0.01635long leg$4.1M$291K20x
Variational Omni US+0.0100%4h0.01640+0.300%$16K$3Kas long as short
Extended US-USD+0.0248%1h0.01639+0.196%$3K$97K5xas long as short
MEXC US_USDT+0.0250%4h0.01639+0.232%$5.5M$113K100xas long as short
Binance USUSDT+0.0256%4h0.01639+0.246%$9.1M$3.3M10xas long as short
BloFin US-USDT+0.0298%4h0.01640+0.300%$482K$49K10xas long as short
Aster USUSDT+0.0375%4h0.01638+0.144%$12K$54K5xas long as short
BingX US-USDT+0.0412%4h0.01640+0.287%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USUSDT+0.0468%4h0.01641+0.361%$4.3M$259K10xas long as short