Funding arb · Price arb /

H

all H markets

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 −0.002%

Price spread now: KuCoin against Bybit+0.149%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$768as in the Funding arb table

Net, price: spread back to 7d avg − costs−$796as in the Price arb table

costs, in and out, $10k−$7927.916% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 7 days+0.139%+$14 · spread now +0.149%, 7d avg +0.189%

Together, before fees+0.374%+$37 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 0.040% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.189%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06904	0.0100	pay 0.0050% / 4h	57m 51s	$7.6M	$5.0M	13x
Short	KuCoin HUSDTM	0.06914	0.0100	get 0.0050% / 4h	57m 51s	$1.6M	$10.2M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.189%: −$3.99
Slippage, 4 orders: −$768.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$795.62
Costs to cover: 7.916%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 10 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 Bybit live order book, 5 min ago	1.45 bp	35.0 bp −$35	204.2 bp −$2,042	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.39 bp	333.4 bp −$333	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.469%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0095%	4h	0.06906	+0.033%	$589K	$111K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06910	+0.092%	$112K	$59K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06917	+0.198%	$14.7M	$11.1M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06904	long leg	$7.6M	$5.0M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06919	+0.222%	$1.8M	$6.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06905	+0.019%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06915	+0.164%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06914	+0.149%	$1.6M	$10.2M	8x
Bitget HUSDT	+0.0100%	4h	0.06903	−0.010%	$1.7M	$447K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06910	+0.091%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06894	−0.136%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06904	+0.004%	$1.2M	$464K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06911	+0.110%	$9K	$100K	5x	as long as short