Funding arb · Price arb /

UB

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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 +0.049%

Price spread now: KuCoin against Bybit−0.084%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$413as in the Funding arb table

Net, price: spread back to 7d avg − costs−$427as in the Price arb table

costs, in and out, $10k−$4214.208% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.084%, 7d avg −0.020%

Together, before fees+0.002%$0 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 0.064% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1481	0.0100	pay 0.0050% / 4h	40m 30s	$1.1M	$2.4M	20x
Short	KuCoin UBUSDTM	0.1479	0.0100	get 0.0050% / 4h	40m 30s	$1.0M	$1.4M	20x

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 −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.020%: −$6.36
Slippage, 4 orders: −$397.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$427.12
Costs to cover: 4.208%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	4.73 bp	65.4 bp −$65	623.7 bp −$6,237	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	12.74 bp	90.6 bp −$91	790.7 bp −$7,907	doesn't fit	doesn't fit

UB 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
Binance UBUSDT	+0.0100%	4h	0.1482	+0.098%	$3.2M	$16.8M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1481	long leg	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1481	+0.003%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1479	−0.098%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1482	+0.064%	$652K	$696K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1479	−0.084%	$1.0M	$1.4M	20x
Bitget UBUSDT	+0.0100%	4h	0.1481	+0.051%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1481	+0.030%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1490	+0.626%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1490	+0.621%	$38K	$262K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1482	+0.118%	$17K	$196K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1483	+0.140%	$957	$176K	5x	as long as short
BloFin UB-USDT	+0.0111%	4h	0.1482	+0.125%	$162K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0619%	4h	0.1481	+0.002%	$402K	$203K	5x	as long as short