Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bybit−0.117%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,013as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,032as in the Price arb table

costs, in and out, $10k−$1,01410.144% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.117%, 7d avg +0.060%

Together, before fees+0.250%+$25 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 0.177% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06832	0.0100	pay 0.0050% / 4h	46m 57s	$2.1M	$580K	25x
Short	KuCoin BASEDUSDTM	0.06824	0.0100	get 0.0050% / 4h	46m 57s	$572K	$93K	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 −0.117%Rate

Funding earned: $0
Price spread: −0.117% → +0.060%: −$17.71
Slippage, 4 orders: −$991.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,032.11
Costs to cover: 10.144%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 16 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, 5 min ago	5.86 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 16 min ago	30.06 bp	444.9 bp −$445	965.6 bp −$9,656	doesn't fit	doesn't fit

BASED on 15 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 BASEDUSDT	+0.0100%	4h	0.06839	+0.104%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06832	long leg	$2.1M	$580K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06833	+0.015%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06839	+0.102%	$544K	$532K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06839	+0.102%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06824	−0.117%	$572K	$93K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06845	+0.190%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06837	+0.073%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06828	−0.056%	$93K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06860	+0.410%	$90K	$363K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06832	0.000%	$2K	$818K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06836	+0.053%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0114%	4h	0.06851	+0.278%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0334%	4h	0.06835	+0.039%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0347%	4h	0.06840	+0.117%	$3K	$652	10x	as long as short