Funding arb · Price arb /

AR

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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: Bitget against KuCoin−0.245%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2352.353% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.239%+$24 · spread now −0.245%, 7d avg −0.082%

Together, before fees+0.222%+$22 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 0.163% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.4940	0.0100	pay 0.0100% / 8h	6h 47m	$1.4M	$1.1M	50x
Short	Bitget ARUSDT	4.4830	0.0100	get 0.0100% / 8h	6h 47m	$3.8M	$5.5M	75x

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 −0.245%Rate

Funding earned: $0
Price spread: −0.245% → −0.082%: −$16.29
Slippage, 4 orders: −$211.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$251.56
Costs to cover: 2.353%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bitget: 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 KuCoin live order book, 3 min ago	6.68 bp	85.8 bp −$86	771.2 bp −$7,712	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.44 bp	23.5 bp −$24	93.3 bp −$933	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	−0.1701%	1h	4.5044	+0.233%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.603%	$2K	$2K	5.5x	as long as short
OKX AR-USDT-SWAP	−0.0141%	8h	4.4820	−0.267%	$2.3M	$19.3M	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4927	−0.029%	$577K	—	50x	as long as short
MEXC AR_USDT	+0.0012%	8h	4.4870	−0.156%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0015%	8h	4.4865	−0.166%	$8.9M	$53.3M	75x	as long as short
Extended AR-USD	+0.0016%	1h	4.4869	−0.159%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0050%	8h	4.5040	+0.223%	$433K	$528K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4933	−0.016%	$4.0M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4860	−0.178%	$26K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.4863	−0.171%	$4.5M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4900	−0.089%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.4940	long leg	$1.4M	$1.1M	50x
Bitget ARUSDTshort	+0.0100%	8h	4.4830	−0.245%	$3.8M	$5.5M	75x
BingX AR-USDT	+0.0100%	8h	4.4900	−0.089%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4868	−0.160%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4890	−0.111%	$22K	$741K	50x	as long as short