Funding arb · Price arb /

AWE

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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 +0.022%

Price spread now: KuCoin against Bitget+0.118%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$491as in the Funding arb table

Net, price: spread back to 7d avg − costs−$494as in the Price arb table

costs, in and out, $10k−$5025.020% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.118%, 7d avg +0.035%

Together, before fees−0.169%−$17 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 0.082% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AWEUSDT	0.06380	0.0100	pay 0.0050% / 4h	2h 26m	$442K	$220K	40x
Short	KuCoin AWEUSDTM	0.06387	0.0100	get 0.0050% / 4h	2h 26m	$141K	$50K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.035%: $8.22
Slippage, 4 orders: −$478.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$493.81
Costs to cover: 5.020%
Break-even: never at this rate

Slippage from Bitget: live order book, 14 min ago; KuCoin: live order book, 28 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 Bitget live order book, 14 min ago	4.70 bp	48.2 bp −$48	203.2 bp −$2,032	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	13.32 bp	203.3 bp −$203	doesn't fit	doesn't fit	doesn't fit

AWE on 9 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
BloFin AWE-USDT	+0.0067%	4h	0.06378	−0.024%	$141K	$27K	40x	as long as short
Aster AWEUSDT	+0.0100%	4h	0.06380	+0.010%	$2K	$8K	5x	as long as short
Binance AWEUSDT	+0.0100%	4h	0.06380	+0.008%	$2.2M	$1.2M	40x	as long as short
Bybit AWEUSDT	+0.0100%	4h	0.06381	+0.024%	$534K	$212K	25x	as long as short
Gate AWE_USDT	+0.0100%	8h	0.06389	+0.149%	$57K	$28K	25x	as long as short
MEXC AWE_USDT	+0.0100%	4h	0.06378	−0.024%	$1.1M	$133K	20x	as long as short
KuCoin AWEUSDTMshort	+0.0100%	4h	0.06387	+0.118%	$141K	$50K	20x
Bitget AWEUSDTlong	+0.0100%	4h	0.06380	long leg	$442K	$220K	40x
BingX AWE-USDT	+0.0100%	4h	0.06380	+0.008%	—	$6.5M	—	as long as short