Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.227%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$877as in the Funding arb table

Net, price: spread back to 7d avg − costs−$886as in the Price arb table

costs, in and out, $10k−$8768.757% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.227%, 7d avg −0.119%

Together, before fees+0.182%+$18 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: Bitget is 0.108% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007483	0.0100	pay 0.0050% / 4h	3h 33m	$144K	$20K	30x
Short	Bitget ALTUSDT	0.007466	0.0100	get 0.0050% / 4h	3h 33m	$598K	$144K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.227%Rate

Funding earned: $0
Price spread: −0.227% → −0.119%: −$10.77
Slippage, 4 orders: −$851.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$886.45
Costs to cover: 8.757%
Break-even: never at this rate

Slippage from KuCoin: live order book, 57 min ago; Bitget: live order book, 62 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, 57 min ago	8.67 bp	199.6 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 62 min ago	4.68 bp	27.4 bp −$27	122.2 bp −$1,222	doesn't fit	doesn't fit

ALT 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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007491	+0.107%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.780%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0093%	4h	0.007489	+0.080%	$167K	$8K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007479	−0.053%	$1.1M	$132K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007481	−0.030%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007468	−0.200%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007479	−0.053%	$50K	$377K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007484	+0.013%	$363K	$168K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007483	long leg	$144K	$20K	30x
Bitget ALTUSDTshort	+0.0100%	4h	0.007466	−0.227%	$598K	$144K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007476	−0.094%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007483	+0.004%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007491	+0.114%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.548%	$13K	$2K	50x	as long as short