Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: Bitget against KuCoin+0.106%7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$610as in the Funding arb table

Net, price: spread back to 7d avg − costs−$624as in the Price arb table

costs, in and out, $10k−$6176.175% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.106%, 7d avg +0.169%

Together, before fees−0.056%−$6 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 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IDUSDTM	0.03771	0.0100	pay 0.0050% / 4h	1h 57m	$1.1M	$67K	30x
Short	Bitget IDUSDT	0.03775	0.0100	get 0.0050% / 4h	1h 57m	$806K	$631K	50x

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 +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.169%: −$6.27
Slippage, 4 orders: −$593.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$623.75
Costs to cover: 6.175%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 3 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	13.23 bp	160.6 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.97 bp	20.9 bp −$21	169.3 bp −$1,693	doesn't fit	doesn't fit

ID on 10 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
Aster IDUSDT	+0.0100%	4h	0.03770	−0.038%	$9K	$147	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03768	−0.088%	$2.4M	$3.7M	50x	as long as short
Bybit IDUSDT	+0.0100%	8h	0.03771	0.000%	$1.4M	$1.1M	25x	as long as short
Gate ID_USDT	+0.0100%	4h	0.03777	+0.159%	$249K	$241K	25x	as long as short
MEXC ID_USDT	+0.0100%	4h	0.03767	−0.106%	$406K	$183K	20x	as long as short
KuCoin IDUSDTMlong	+0.0100%	4h	0.03771	long leg	$1.1M	$67K	30x
Bitget IDUSDTshort	+0.0100%	4h	0.03775	+0.106%	$806K	$631K	50x
BingX ID-USDT	+0.0100%	4h	0.03774	+0.080%	—	$2.3M	—	as long as short
Variational Omni ID	+0.0100%	8h	0.03780	+0.234%	$12K	$20K	—	as long as short
Kraken Futures PF_IDUSD	+0.0628%	1h	0.03776	+0.132%	$4K	$2K	10x	as long as short