Funding arb · Price arb /

ATH

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Swap Backtest

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 0.000%

Price spread now: KuCoin against Bitget−0.055%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$455as in the Funding arb table

Net, price: spread back to 7d avg − costs−$460as in the Price arb table

costs, in and out, $10k−$4554.546% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.055%, 7d avg −0.005%

Together, before fees+0.085%+$8 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 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ATHUSDT	0.005500	0.0100	pay 0.0050% / 4h	2h 41m	$1.5M	$850K	25x
Short	KuCoin ATHUSDTM	0.005497	0.0100	get 0.0050% / 4h	2h 41m	$557K	$77K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.005%: −$5
Slippage, 4 orders: −$430.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$459.65
Costs to cover: 4.546%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 71 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 Bitget live order book, 5 min ago	7.26 bp	34.6 bp −$35	142.5 bp −$1,425	doesn't fit	doesn't fit
Sell KuCoin live order book, 71 min ago	15.31 bp	252.5 bp −$253	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.2744%	1h	0.005497	−0.061%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0062%	4h	0.005499	−0.015%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005498	−0.033%	$11K	$57	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005502	+0.037%	$4K	$40K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005499	−0.020%	$3.3M	$4.1M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005490	−0.182%	$4.4M	$2.5M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005497	−0.055%	$699K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005489	−0.200%	$784K	$542K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005504	+0.073%	$8.8M	$604K	50x	as long as short
KuCoin ATHUSDTMshort	+0.0100%	4h	0.005497	−0.055%	$557K	$77K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDTlong	+0.0100%	4h	0.005500	long leg	$1.5M	$850K	25x
BingX ATH-USDT	+0.0100%	4h	0.005499	−0.018%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0144%	4h	0.005523	+0.418%	$170K	$73K	75x	as long as short