Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.021%7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2572.569% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.077%−$8 · spread now +0.021%, 7d avg −0.106%

Together, before fees−0.229%−$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: Bybit is 0.127% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.2700	0.0100	pay 0.0100% / 8h	7h 26m	$1.1M	$1.1M	50x
Short	Bybit ARUSDT	4.2709	0.0100	get 0.0100% / 8h	7h 26m	$4.4M	$8.2M	75x

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 +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.106%: $12.73
Slippage, 4 orders: −$233.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$244.16
Costs to cover: 2.569%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 1 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, 8 min ago	5.83 bp	96.2 bp −$96	738.4 bp −$7,384	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.34 bp	30.9 bp −$31	106.9 bp −$1,069	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	−0.1012%	1h	4.2657	−0.100%	$53K	$134K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2784	+0.197%	$549K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.607%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2738	+0.089%	$3.8M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2746	+0.107%	$32K	$255K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2698	−0.004%	$8.5M	$43.4M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.2709	+0.021%	$4.4M	$8.2M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.2700	0.000%	$2.2M	$13.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2720	+0.047%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2680	−0.047%	$6.0M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTMlong	+0.0100%	8h	4.2700	long leg	$1.1M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.2650	−0.117%	$3.6M	$4.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2720	+0.047%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2738	+0.089%	$245K	$510K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2730	+0.070%	$20K	$707K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2680	−0.047%	$36K	$240K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2710	+0.023%	$415K	$436K	20x	as long as short