Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Bitget against KuCoin+0.058%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$947as in the Funding arb table

Net, price: spread back to 7d avg − costs−$907as in the Price arb table

costs, in and out, $10k−$9239.232% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.058%, 7d avg −0.104%

Together, before fees−0.363%−$36 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 0.161% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06929	0.0100	pay 0.0050% / 4h	1h 04m	$1.6M	$10.0M	8x
Short	Bitget HUSDT	0.06933	0.0100	get 0.0050% / 4h	1h 04m	$1.7M	$447K	4x

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 +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.104%: $16.13
Slippage, 4 orders: −$899.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$907.1
Costs to cover: 9.232%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 8 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, 4 min ago	3.61 bp	345.5 bp −$345	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	7.25 bp	129.2 bp −$129	506.1 bp −$5,061	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	−9.799%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06934	+0.079%	$115K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06940	+0.159%	$14.9M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06936	+0.095%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06946	+0.245%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06934	+0.072%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06939	+0.144%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06929	long leg	$1.6M	$10.0M	8x
Bitget HUSDTshort	+0.0100%	4h	0.06933	+0.058%	$1.7M	$447K	4x
BingX H-USDT	+0.0100%	4h	0.06938	+0.130%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06907	−0.324%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06933	+0.060%	$1.2M	$437K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06928	−0.014%	$586K	$115K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06938	+0.132%	$11K	$107K	5x	as long as short