Funding arb · Price arb /

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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 Bybit−0.033%7-day average +0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2512.506% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.033%, 7d avg +0.107%

Together, before fees+0.233%+$23 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 0.139% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.2954	0.0100	pay 0.0100% / 8h	51m 08s	$4.4M	$8.9M	75x
Short	KuCoin ARUSDTM	4.2940	0.0100	get 0.0100% / 8h	51m 08s	$1.1M	$1.3M	50x

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 −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.107%: −$13.92
Slippage, 4 orders: −$227.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$264.49
Costs to cover: 2.506%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 4 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, 2 min ago	1.16 bp	31.7 bp −$32	140.0 bp −$1,400	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.81 bp	104.8 bp −$105	783.2 bp −$7,832	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1511%	1h	4.2949	−0.011%	$53K	$143K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2942	−0.027%	$551K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.994%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2968	+0.033%	$32K	$403K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2980	+0.060%	$8.5M	$48.9M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.2954	long leg	$4.4M	$8.9M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.2960	+0.014%	$2.3M	$16.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2930	−0.056%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2960	+0.014%	$6.0M	$4.0M	100x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.2940	−0.033%	$1.1M	$1.3M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2940	−0.033%	$3.7M	$5.2M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2970	+0.037%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2697	−0.598%	$245K	$516K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2930	−0.056%	$21K	$711K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2997	+0.100%	$37K	$240K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2970	+0.037%	$413K	$448K	20x	as long as short
Hyperliquid AR	+0.0509%	1h	4.3054	+0.233%	$3.9M	$4.8M	5x	as long as short