Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against Bybit−0.187%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$461as in the Price arb table

costs, in and out, $10k−$4444.441% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.187%, 7d avg −0.017%

Together, before fees+0.164%+$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 0.170% cheaper against Bybit than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1488	0.0100	pay 0.0050% / 4h	2h 01m	$965K	$2.3M	20x
Short	KuCoin UBUSDTM	0.1486	0.0100	get 0.0050% / 4h	2h 01m	$1.0M	$1.1M	20x

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 −0.187%Rate

Funding earned: $0
Price spread: −0.187% → −0.017%: −$17
Slippage, 4 orders: −$421.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$461.13
Costs to cover: 4.441%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: 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 Bybit live order book, 5 min ago	3.37 bp	81.9 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	9.87 bp	118.3 bp −$118	818.9 bp −$8,189	doesn't fit	doesn't fit

UB on 14 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 UB-USDT	+0.0074%	4h	0.1488	−0.019%	$160K	$845K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1492	+0.238%	$3.1M	$15.2M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1488	long leg	$965K	$2.3M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	+0.223%	$1.4M	$13.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1486	−0.146%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1492	+0.210%	$713K	$680K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1486	−0.187%	$1.0M	$1.1M	20x
Bitget UBUSDT	+0.0100%	4h	0.1490	+0.142%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1491	+0.169%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1486	−0.164%	$424	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1487	−0.079%	$38K	$271K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1491	+0.196%	$16K	$299K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1491	+0.175%	$5K	$208K	5x	as long as short
Aster UBUSDT	+0.0566%	4h	0.1489	+0.055%	$404K	$130K	5x	as long as short