Funding arb · Price arb /

S

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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 −0.007%

Price spread now: KuCoin against Bybit+0.073%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2592.593% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.073%, 7d avg −0.011%

Together, before fees−0.156%−$16 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 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSDT	0.04116	0.0100	pay 0.0050% / 4h	1h 30m	$5.9M	$4.5M	50x
Short	KuCoin SUSDTM	0.04119	0.0100	get 0.0050% / 4h	1h 30m	$1.9M	$2.7M	50x

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 +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.011%: $8.4
Slippage, 4 orders: −$236.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.93
Costs to cover: 2.593%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 7 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, 3 min ago	2.43 bp	29.0 bp −$29	74.2 bp −$742	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.66 bp	114.5 bp −$114	215.8 bp −$2,158	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1504%	1h	0.03940	−4.276%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1669%	1h	0.04117	+0.023%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.284%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0208%	4h	0.04122	+0.137%	$639K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04123	+0.160%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04114	−0.048%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04123	+0.168%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.389%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04123	+0.170%	$102K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04120	+0.097%	$172K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04118	+0.051%	$1.0M	$554K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04118	+0.046%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04122	+0.147%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDTlong	+0.0100%	4h	0.04116	long leg	$5.9M	$4.5M	50x
OKX S-USDT-SWAP	+0.0100%	4h	0.04122	+0.146%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04119	+0.073%	$338K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04122	+0.146%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.04119	+0.073%	$1.9M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.04123	+0.170%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04122	+0.146%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04110	−0.146%	$25K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04121	+0.112%	$234K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04123	+0.170%	$283K	$106K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0720%	1h	0.04127	+0.267%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1654%	1h	0.04140	+0.583%	$122K	$365K	5x	as long as short