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

Net, funding: paid 7d − costs−$954as in the Funding arb table

Net, price: spread back to 7d avg − costs−$912as in the Price arb table

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

Long on KuCoin Short on Bitget

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: Bitget is 0.172% dearer against KuCoin than usual: you sell high and buy low, +$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	KuCoin HUSDTM	0.07033	0.0100	pay 0.0050% / 4h	5m 23s	$1.6M	$10.0M	8x
Short	Bitget HUSDT	0.07038	0.0100	get 0.0050% / 4h	5m 23s	$1.7M	$443K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.101%: $17.2
Slippage, 4 orders: −$904.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$911.69
Costs to cover: 9.289%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 1 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 KuCoin live order book, 2 min ago	2.13 bp	352.9 bp −$353	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.68 bp	99.3 bp −$99	455.9 bp −$4,559	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	−11.133%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07038	+0.071%	$121K	$41K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07036	+0.043%	$15.2M	$10.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07024	−0.134%	$7.7M	$4.2M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07039	+0.085%	$1.7M	$5.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07029	−0.057%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07035	+0.028%	$6.5M	$1.0M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.07033	long leg	$1.6M	$10.0M	8x
Bitget HUSDTshort	+0.0100%	4h	0.07038	+0.071%	$1.7M	$443K	4x
BingX H-USDT	+0.0100%	4h	0.07038	+0.071%	—	$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	−0.036%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07053	+0.283%	$1.2M	$499K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07034	+0.009%	$12K	$107K	5x	as long as short
BloFin H-USDT	+0.0150%	4h	0.07044	+0.156%	$607K	$111K	25x	as long as short