Funding arb · Price arb /

ALT

all ALT markets

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 Binance−0.044%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$745as in the Funding arb table

Net, price: spread back to 7d avg − costs−$751as in the Price arb table

costs, in and out, $10k−$7457.455% of the position

Long on Binance 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)−0.028%−$3 · spread now −0.044%, 7d avg +0.012%

Together, before fees−0.026%−$3 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 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007670	0.0100	pay 0.0050% / 4h	1h 13m	$2.6M	$3.7M	50x
Short	KuCoin ALTUSDTM	0.007667	0.0100	get 0.0050% / 4h	1h 13m	$152K	$20K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.012%: −$5.61
Slippage, 4 orders: −$723.47
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$751.08
Costs to cover: 7.455%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 1 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 Binance live order book, 8 min ago	0.65 bp	20.4 bp −$20	141.4 bp −$1,414	9299.5 bp −$930.0K	doesn't fit
Sell KuCoin live order book, 1 min ago	11.07 bp	284.9 bp −$285	doesn't fit	doesn't fit	doesn't fit

ALT 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
Deribit ALT_USDC-PERPETUAL	−0.0011%	1h	0.007665	−0.070%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.269%	$837	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0077%	4h	0.007671	+0.008%	$125K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007662	−0.109%	$1.1M	$194K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007670	long leg	$2.6M	$3.7M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007669	−0.018%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007668	−0.031%	$50K	$401K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007670	−0.005%	$410K	$185K	50x	as long as short
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007667	−0.044%	$152K	$20K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007663	−0.096%	$604K	$108K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007667	−0.044%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007687	+0.217%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007700	+0.386%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0443%	1h	0.007676	+0.079%	$45K	$8K	10x	as long as short