Funding arb · Price arb /

NOT

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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 Bitget−0.198%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2732.728% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.198%, 7d avg −0.102%

Together, before fees+0.010%+$1 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 0.097% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005040	0.0100	pay 0.0050% / 4h	1h 13m	$662K	$387K	50x
Short	KuCoin NOTUSDTM	0.0005030	0.0100	get 0.0050% / 4h	1h 13m	$467K	$133K	50x

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 −0.198%Rate

Funding earned: $0
Price spread: −0.198% → −0.102%: −$9.67
Slippage, 4 orders: −$248.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$282.45
Costs to cover: 2.728%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 59 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, 2 min ago	7.93 bp	34.1 bp −$34	271.3 bp −$2,713	doesn't fit	doesn't fit
Sell KuCoin live order book, 59 min ago	12.92 bp	105.1 bp −$105	295.8 bp −$2,958	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0151%	4h	0.0005030	−0.201%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.294%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005051	+0.218%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	0.000%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005039	−0.028%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005039	−0.020%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005036	−0.079%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005038	−0.040%	$613K	$584K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005038	−0.040%	$140K	$79K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005039	−0.020%	$1.3M	$466K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTMshort	+0.0100%	4h	0.0005030	−0.198%	$467K	$133K	50x
Bitget NOTUSDTlong	+0.0100%	4h	0.0005040	long leg	$662K	$387K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005036	−0.079%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005039	−0.022%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0106%	4h	0.0005037	−0.060%	$110K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.6195%	1h	0.0005045	+0.105%	$49K	$10K	10x	as long as short