Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: KuCoin against Bitget−0.071%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$904as in the Funding arb table

Net, price: spread back to 7d avg − costs−$946as in the Price arb table

costs, in and out, $10k−$9299.289% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.071%, 7d avg +0.101%

Together, before fees+0.323%+$32 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 0.172% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.07038	0.0100	pay 0.0050% / 4h	5m 21s	$1.7M	$443K	4x
Short	KuCoin HUSDTM	0.07033	0.0100	get 0.0050% / 4h	5m 21s	$1.6M	$10.0M	8x

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 −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.101%: −$17.2
Slippage, 4 orders: −$904.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$946.09
Costs to cover: 9.289%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 2 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, 1 min ago	5.68 bp	137.2 bp −$137	464.0 bp −$4,640	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.13 bp	339.5 bp −$340	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−11.196%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07038	0.000%	$121K	$41K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07036	−0.028%	$15.2M	$10.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07024	−0.205%	$7.7M	$4.2M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07039	+0.014%	$1.7M	$5.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07029	−0.128%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07035	−0.043%	$6.5M	$1.0M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.07033	−0.071%	$1.6M	$10.0M	8x
Bitget HUSDTlong	+0.0100%	4h	0.07038	long leg	$1.7M	$443K	4x
BingX H-USDT	+0.0100%	4h	0.07038	0.000%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07030	−0.107%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07053	+0.212%	$1.2M	$499K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07034	−0.062%	$12K	$107K	5x	as long as short
BloFin H-USDT	+0.0150%	4h	0.07044	+0.085%	$607K	$111K	25x	as long as short