Funding arb · Price arb /

SXT

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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: KuCoin against Bitget0.000%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,115as in the Price arb table

costs, in and out, $10k−$1,10611.063% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now 0.000%, 7d avg +0.091%

Together, before fees+0.063%+$6 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 +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SXTUSDT	0.008840	0.0100	pay 0.0050% / 4h	2h 29m	$479K	$116K	25x
Short	KuCoin SXTUSDTM	0.008840	0.0100	get 0.0050% / 4h	2h 29m	$127K	$84K	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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.091%: −$9.11
Slippage, 4 orders: −$1,082.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,115.42
Costs to cover: 11.063%
Break-even: never at this rate

Slippage from Bitget: live order book, 12 min ago; KuCoin: live order book, 20 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, 12 min ago	9.62 bp	39.4 bp −$39	395.0 bp −$3,950	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	11.25 bp	216.3 bp −$216	doesn't fit	doesn't fit	doesn't fit

SXT 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
BloFin SXT-USDT	+0.0062%	4h	0.008827	−0.147%	$110K	$12K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.008764	−0.856%	$5K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008836	−0.045%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDT	+0.0100%	4h	0.008828	−0.136%	$547K	$315K	13x	as long as short
MEXC SXT_USDT	+0.0100%	4h	0.008833	−0.079%	$1.9M	$121K	50x	as long as short
KuCoin SXTUSDTMshort	+0.0100%	4h	0.008840	0.000%	$127K	$84K	25x
Bitget SXTUSDTlong	+0.0100%	4h	0.008840	long leg	$479K	$116K	25x
BingX SXT-USDT	+0.0100%	4h	0.008830	−0.113%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008828	−0.134%	$435	$5K	—	as long as short