Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.3949%/8h= −432.5% APRpaid last 24h −0.294%

Price spread now: KuCoin against tradeXYZ+0.230%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$746as in the Funding arb table

Net, price: spread back to 7d avg − costs−$680as in the Price arb table

costs, in and out, $10k−$6986.982% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.481%−$48 on $10k

Price spread, last 4 days (all we have)+0.412%+$41 · spread now +0.230%, 7d avg +0.047%

Together, before fees−0.069%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.183% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.047%): +$18 on $10k if it goes back. Holding the pair costs −$118 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.481% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.481% in total (about -25.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BOT	29.123	0.1914	pay 0.0239% / 1h	15m 12s	$3.0M	$796K	10x
Short	KuCoin BOTUSDTM	29.190	−0.2035	pay 0.2035% / 8h	6h 15m	$92K	$538K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.230%Rate

Funding earned: −$829.39
Price spread: +0.230% → +0.047%: $18.33
Slippage, 4 orders: −$668.16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,509.22
Costs to cover: 6.982%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; KuCoin: live order book, 30 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 tradeXYZ live order book, 6 min ago	6.36 bp	76.4 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 30 min ago	18.81 bp	310.6 bp −$311	doesn't fit	doesn't fit	doesn't fit

BOT on 12 exchanges

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
Arcus BOT-USD	−0.9441%	1h	29.210	+0.299%	$3K	$10K	5x	as long as short
Bybit BOTUSDT	−0.3318%	8h	29.130	+0.024%	$525K	$557K	25x	as long as short
OKX BOT-USDT-SWAP	−0.2674%	8h	29.150	+0.093%	$232K	$278K	20x	as long as short
KuCoin BOTUSDTMshort	−0.2035%	8h	29.190	+0.230%	$92K	$538K	20x
Binance BOTUSDT	−0.1674%	8h	29.160	+0.127%	$466K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1551%	8h	29.134	+0.037%	$39K	$22K	—	as long as short
Lighter BOT	−0.0160%	1h	29.354	+0.793%	$67K	$1K	3x	as long as short
QFEX BOT-USD	−0.0080%	1h	29.140	+0.058%	$1.2M	$488K	10x	as long as short
Gate BOT_USDT	0.0000%	8h	29.220	+0.333%	$261K	$231K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.180	+0.196%	$242K	$129K	5x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BOT-USDT	+0.0100%	8h	29.167	+0.151%	$3K	$35K	10x	as long as short
tradeXYZ xyz:BOTlong	+0.1914%	1h	29.123	long leg	$3.0M	$796K	10x