Funding arb · Price arb /

INIT

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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+0.085%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,075as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,067as in the Price arb table

costs, in and out, $10k−$1,07510.752% of the position

Long on Bitget Short on KuCoin

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)−0.158%−$16 · spread now +0.085%, 7d avg +0.001%

Together, before fees−0.158%−$16 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 0.084% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INITUSDT	0.08245	0.0100	pay 0.0050% / 4h	3h 56m	$431K	$310K	25x
Short	KuCoin INITUSDTM	0.08252	0.0100	get 0.0050% / 4h	3h 56m	$329K	$54K	25x

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 +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.001%: $8.43
Slippage, 4 orders: −$1,051.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,066.81
Costs to cover: 10.752%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; KuCoin: live order book, 64 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, 9 min ago	5.45 bp	58.1 bp −$58	300.6 bp −$3,006	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	19.57 bp	378.2 bp −$378	doesn't fit	doesn't fit	doesn't fit

INIT 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
BloFin INIT-USDT	+0.0092%	4h	0.08253	+0.097%	$153K	$111K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08256	+0.131%	$301K	$233K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08255	+0.124%	$27K	$37K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08256	+0.138%	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08249	+0.049%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08266	+0.255%	$134K	$639K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08249	+0.049%	$84K	$55K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08255	+0.121%	$449K	$218K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08252	+0.085%	$329K	$54K	25x
Bitget INITUSDTlong	+0.0100%	4h	0.08245	long leg	$431K	$310K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08259	+0.170%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08246	+0.017%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0193%	1h	0.08250	+0.066%	$5K	$17K	10x	as long as short