Funding arb · Price arb /

NOT

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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 −0.018%

Price spread now: KuCoin against Bitget−0.199%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2502.496% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.199%, 7d avg −0.108%

Together, before fees+0.019%+$2 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 0.091% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005037	0.0100	pay 0.0050% / 4h	8m 09s	$675K	$471K	50x
Short	KuCoin NOTUSDTM	0.0005027	0.0100	get 0.0050% / 4h	8m 09s	$488K	$133K	50x

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 −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.108%: −$9.09
Slippage, 4 orders: −$225.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$258.69
Costs to cover: 2.496%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 min ago; KuCoin: live order book, 25 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, 27 min ago	7.94 bp	23.6 bp −$24	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell KuCoin live order book, 25 min ago	10.94 bp	103.6 bp −$104	403.9 bp −$4,039	doesn't fit	doesn't fit

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.236%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0062%	4h	0.0005037	0.000%	$109K	$18K	50x	as long as short
Variational Omni NOT	+0.0074%	4h	0.0005020	−0.330%	$71K	$38K	—	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005043	+0.127%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	−0.139%	$339K	$64K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005032	−0.103%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005034	−0.064%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005028	−0.179%	$2.1M	$821K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005034	−0.060%	$644K	$656K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005020	−0.338%	$139K	$55K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005033	−0.079%	$1.3M	$467K	200x	as long as short
KuCoin NOTUSDTMshort	+0.0100%	4h	0.0005027	−0.199%	$488K	$133K	50x
Bitget NOTUSDTlong	+0.0100%	4h	0.0005037	long leg	$675K	$471K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005031	−0.119%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005032	−0.091%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0444%	1h	0.0005042	+0.100%	$49K	$5K	10x	as long as short