Funding arb · Price arb /

ARX

all ARX markets

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 −0.055%

Price spread now: KuCoin against Bybit−0.722%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$828as in the Funding arb table

Net, price: spread back to 7d avg − costs−$885as in the Price arb table

costs, in and out, $10k−$8198.191% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.637%+$64 · spread now −0.722%, 7d avg −0.065%

Together, before fees+0.546%+$55 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 0.658% cheaper against Bybit than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARXUSDT	0.2132	0.0100	pay 0.0050% / 4h	1h 53m	$4.3M	$2.5M	20x
Short	KuCoin ARXUSDTM	0.2117	0.0100	get 0.0050% / 4h	1h 53m	$740K	$839K	20x

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 −0.722%Rate

Funding earned: $0
Price spread: −0.722% → −0.065%: −$65.78
Slippage, 4 orders: −$796.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$884.92
Costs to cover: 8.191%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 15 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, 4 min ago	7.08 bp	139.4 bp −$139	3064.9 bp −$30.6K	86896.4 bp −$8.69M	doesn't fit
Sell KuCoin live order book, 15 min ago	18.07 bp	310.7 bp −$311	doesn't fit	doesn't fit	doesn't fit

ARX on 10 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 ARXUSDT	+0.0100%	4h	0.2132	−0.016%	$5.6M	$11.7M	20x	as long as short
Bybit ARXUSDTlong	+0.0100%	4h	0.2132	long leg	$4.3M	$2.5M	20x
OKX ARX-USDT-SWAP	+0.0100%	4h	0.2135	+0.141%	$756K	$3.4M	20x	as long as short
Gate ARX_USDT	+0.0100%	4h	0.2134	+0.094%	$1.1M	$443K	20x	as long as short
MEXC ARX_USDT	+0.0100%	4h	0.2124	−0.375%	$903K	$428K	20x	as long as short
KuCoin ARXUSDTMshort	+0.0100%	4h	0.2117	−0.722%	$740K	$839K	20x
Bitget ARXUSDT	+0.0100%	4h	0.2132	−0.014%	$2.0M	$1.8M	20x	as long as short
BingX ARX-USDT	+0.0100%	4h	0.2135	+0.141%	—	$1.7M	—	as long as short
BloFin ARX-USDT	+0.0113%	4h	0.2116	−0.750%	$244K	$43K	20x	as long as short
Aster ARXUSDT	+0.0337%	4h	0.2119	−0.593%	$81K	$100K	10x	as long as short