Funding arb · Price arb /

SXT

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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 0.000%

Price spread now: KuCoin against Bitget+0.214%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$620as in the Funding arb table

Net, price: spread back to 7d avg − costs−$608as in the Price arb table

costs, in and out, $10k−$6206.202% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.214%, 7d avg +0.089%

Together, before fees−0.131%−$13 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 0.126% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SXTUSDT	0.008861	0.0100	pay 0.0050% / 4h	2h 48m	$487K	$108K	25x
Short	KuCoin SXTUSDTM	0.008880	0.0100	get 0.0050% / 4h	2h 48m	$127K	$91K	25x

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 +0.214%Rate

Funding earned: $0
Price spread: +0.214% → +0.089%: $12.57
Slippage, 4 orders: −$596.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$607.6
Costs to cover: 6.202%
Break-even: never at this rate

Slippage from Bitget: live order book, 13 min ago; KuCoin: live order book, 55 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, 13 min ago	9.62 bp	38.1 bp −$38	400.0 bp −$4,000	doesn't fit	doesn't fit
Sell KuCoin live order book, 55 min ago	11.25 bp	303.3 bp −$303	doesn't fit	doesn't fit	doesn't fit

SXT on 9 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
BloFin SXT-USDT	+0.0041%	4h	0.008886	+0.282%	$110K	$13K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.008838	−0.264%	$6K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008871	+0.114%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDT	+0.0100%	4h	0.008867	+0.068%	$549K	$306K	13x	as long as short
MEXC SXT_USDT	+0.0100%	4h	0.008871	+0.113%	$2.0M	$121K	50x	as long as short
KuCoin SXTUSDTMshort	+0.0100%	4h	0.008880	+0.214%	$127K	$91K	25x
Bitget SXTUSDTlong	+0.0100%	4h	0.008861	long leg	$487K	$108K	25x
BingX SXT-USDT	+0.0100%	4h	0.008863	+0.023%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008841	−0.224%	$524	$4K	—	as long as short