Funding arb · Price arb /

BB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin0.000%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$843as in the Funding arb table

Net, price: spread back to 7d avg − costs−$839as in the Price arb table

costs, in and out, $10k−$8438.433% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now 0.000%, 7d avg −0.040%

Together, before fees+0.088%+$9 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: Bitget is 0.040% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BBUSDTM	0.009010	0.0100	pay 0.0050% / 4h	1h 57m	$442K	$98K	50x
Short	Bitget BBUSDT	0.009010	0.0100	get 0.0050% / 4h	1h 57m	$325K	$509K	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.040%: $4.03
Slippage, 4 orders: −$819.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$839.25
Costs to cover: 8.433%
Break-even: never at this rate

Slippage from KuCoin: live order book, 61 min ago; Bitget: live order book, 43 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 KuCoin live order book, 61 min ago	21.98 bp	500.7 bp −$501	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 43 min ago	11.15 bp	39.0 bp −$39	204.0 bp −$2,040	doesn't fit	doesn't fit

BB on 9 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_BBUSD	−0.0739%	1h	0.008994	−0.181%	$21K	$3K	10x	as long as short
Aster BBUSDT	+0.0100%	4h	0.009007	−0.036%	$13K	$13K	5x	as long as short
Binance BBUSDT	+0.0100%	4h	0.009005	−0.057%	$3.2M	$7.1M	50x	as long as short
Bybit BBUSDT	+0.0100%	4h	0.009009	−0.011%	$680K	$818K	25x	as long as short
Gate BB_USDT	+0.0100%	4h	0.009000	−0.111%	$133K	$227K	50x	as long as short
MEXC BB_USDT	+0.0100%	4h	0.009006	−0.044%	$1.4M	$575K	100x	as long as short
KuCoin BBUSDTMlong	+0.0100%	4h	0.009010	long leg	$442K	$98K	50x
Bitget BBUSDTshort	+0.0100%	4h	0.009010	0.000%	$325K	$509K	50x
BingX BB-USDT	+0.0384%	4h	0.009007	−0.033%	—	$1.3M	—	as long as short