Settings8H · net · $10k
Funding arb · Price arb /

COST

RWAall COST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bitget−0.112%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$955as in the Funding arb table
Net, price: spread back to 7d avg − costs−$973as in the Price arb table
costs, in and out, $10k−$9729.716% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.165%+$16 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.112%, 7d avg −0.098%
Together, before fees+0.216%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget COSTUSDT902.610get 0.0000% / 8h1h 39m$401K$83K25x
ShortKuCoin COSTUSDTM901.600.0100get 0.0100% / 8h1h 39m$48K$901K20x

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

Funding earned
$21
Price spread: −0.112% → −0.098%
−$1.44
Slippage, 4 orders
−$947.62
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$952.05
Costs to cover
9.716%
Break-even
324.4 days
Slippage from Bitget: live order book, 61 min ago; KuCoin: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 61 min ago6.15 bp14.1 bp −$1427.1 bp −$271doesn't fitdoesn't fit
Sell KuCoin live order book, 50 min ago35.00 bp449.4 bp −$449doesn't fitdoesn't fitdoesn't fit

COST on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COSTUSDT0.0000%8h902.87+0.029%$45K$17820xas long as short
Binance COSTUSDT0.0000%8h902.69+0.009%$1.1M$1.0M20xas long as short
Bybit COSTUSDT0.0000%8h902.89+0.031%$491K$220K25xas long as short
OKX COST-USDT-SWAP0.0000%8h902.52−0.010%$442K$123K10xas long as short
Gate COST_USDT0.0000%8h902.43−0.020%$522K$8K25xas long as short
Bitget COSTUSDTlong0.0000%8h902.61long leg$401K$83K25x
Variational Omni COST0.0000%8h902.47−0.016%$41K$13Kas long as short
SunX COST-USDT0.0000%8h901.80−0.090%$1K$2.9M10xas long as short
HTX COST-USDT0.0000%8h903.86+0.138%$10K$42K10xas long as short
QFEX COST-USD0.0000%1h902.31−0.033%$1.1M$2.5M10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COST/USDC PERP+0.0033%1h891.98−1.178%$2K$28K12xas long as short
Extended COST-USD+0.0040%1h898.25−0.483%10xas long as short
Vest COST-USD-PERP+0.0046%1h902.27−0.038%25xas long as short
tradeXYZ xyz:COST+0.0050%1h902.11−0.055%$1.8M$519K20xas long as short
KuCoin COSTUSDTMshort+0.0100%8h901.60−0.112%$48K$901K20x