Funding arb · Price arb /

UB

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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 +0.010%

Price spread now: Bybit against KuCoin+0.111%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$492as in the Funding arb table

Net, price: spread back to 7d avg − costs−$475as in the Price arb table

costs, in and out, $10k−$4844.840% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.111%, 7d avg +0.017%

Together, before fees−0.049%−$5 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: Bybit is 0.094% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBUSDTM	0.1443	0.0100	pay 0.0050% / 4h	1h 29m	$1.0M	$1.3M	20x
Short	Bybit UBUSDT	0.1445	0.0100	get 0.0050% / 4h	1h 29m	$965K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.017%: $9.42
Slippage, 4 orders: −$460.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$474.56
Costs to cover: 4.840%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 2 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, 5 min ago	18.72 bp	198.5 bp −$198	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.52 bp	92.2 bp −$92	419.3 bp −$4,193	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	0.1448	+0.300%	$3.0M	$16.8M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1445	+0.111%	$965K	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1446	+0.154%	$1.3M	$14.7M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1443	−0.060%	$1.4M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1448	+0.321%	$586K	$679K	100x	as long as short
KuCoin UBUSDTMlong	+0.0100%	4h	0.1443	long leg	$1.0M	$1.3M	20x
Bitget UBUSDT	+0.0100%	4h	0.1446	+0.196%	$2.3M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1444	+0.051%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1439	−0.292%	$30	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1435	−0.569%	$36K	$268K	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	0.1446	+0.161%	$16K	$245K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1448	+0.293%	$929	$170K	5x	as long as short
BloFin UB-USDT	+0.0107%	4h	0.1444	+0.016%	$153K	$952K	50x	as long as short
Aster UBUSDT	+0.0464%	4h	0.1444	+0.030%	$392K	$185K	5x	as long as short