Funding arb · Price arb /

STABLE

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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: Bitget against KuCoin−0.202%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,108as in the Price arb table

costs, in and out, $10k−$1,09810.979% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.202%, 7d avg −0.105%

Together, before fees−0.075%−$7 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 0.096% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02477	0.0100	pay 0.0050% / 4h	2h 09m	$175K	$27K	30x
Short	Bitget STABLEUSDT	0.02472	0.0100	get 0.0050% / 4h	2h 09m	$292K	$117K	25x

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 −0.202%Rate

Funding earned: $0
Price spread: −0.202% → −0.105%: −$9.64
Slippage, 4 orders: −$1,073.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,107.57
Costs to cover: 10.979%
Break-even: never at this rate

Slippage from KuCoin: live order book, 69 min ago; Bitget: live order book, 5 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, 69 min ago	24.17 bp	331.9 bp −$332	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	6.06 bp	50.7 bp −$51	265.8 bp −$2,658	doesn't fit	doesn't fit

STABLE on 15 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 STABLEUSDT	−0.0325%	4h	0.02473	−0.154%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0094%	4h	0.02470	−0.283%	$114K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02487	+0.420%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	−0.242%	$871K	$235K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02471	−0.242%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02474	−0.133%	$1.5M	$818K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02476	−0.040%	$204K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02470	−0.283%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02471	−0.242%	$659K	$158K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02477	long leg	$175K	$27K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTshort	+0.0100%	4h	0.02472	−0.202%	$292K	$117K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02472	−0.202%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02474	−0.124%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02473	−0.149%	$1K	$649K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	−0.256%	$12K	$175K	10x	as long as short