Funding arb · Price arb /

AXL

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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−0.038%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$924as in the Funding arb table

Net, price: spread back to 7d avg − costs−$863as in the Price arb table

costs, in and out, $10k−$8598.593% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.647%−$65 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.038%, 7d avg +0.003%

Together, before fees−0.487%−$49 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 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AXLUSDT	0.05234	0.0100	pay 0.0050% / 4h	2h 05m	$1.5M	$1.4M	25x
Short	KuCoin AXLUSDTM	0.05232	0.0100	get 0.0050% / 4h	2h 05m	$439K	$82K	30x

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 −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.003%: −$4.11
Slippage, 4 orders: −$836.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$863.39
Costs to cover: 8.593%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 53 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, 1 min ago	5.73 bp	39.4 bp −$39	185.3 bp −$1,853	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	10.54 bp	412.7 bp −$413	doesn't fit	doesn't fit	doesn't fit

AXL 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
BingX AXL-USDT	+0.0070%	4h	0.05235	+0.019%	—	$2.3M	—	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05230	−0.077%	$34K	$7K	5x	as long as short
Binance AXLUSDT	+0.0100%	4h	0.05231	−0.059%	$1.8M	$3.3M	50x	as long as short
Bybit AXLUSDTlong	+0.0100%	4h	0.05234	long leg	$1.5M	$1.4M	25x
MEXC AXL_USDT	+0.0100%	4h	0.05231	−0.057%	$325K	$165K	50x	as long as short
KuCoin AXLUSDTMshort	+0.0100%	4h	0.05232	−0.038%	$439K	$82K	30x
Bitget AXLUSDT	+0.0100%	4h	0.05230	−0.076%	$569K	$296K	50x	as long as short
Variational Omni AXL	+0.0100%	4h	0.05237	+0.059%	$6K	$23K	—	as long as short
BloFin AXL-USDT	+0.0157%	4h	0.05231	−0.057%	$118K	$10K	50x	as long as short