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

ANIME

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SwapBacktest
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 +0.011%
Price spread now: KuCoin against Bybit0.000%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$286as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2832.829% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now 0.000%, 7d avg −0.087%
Together, before fees−0.058%−$6 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 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ANIMEUSDT0.0034620.0100pay 0.0050% / 4h1h 06m$709K$331K25x
ShortKuCoin ANIMEUSDTM0.0034620.0100get 0.0050% / 4h1h 06m$425K$79K20x

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

Funding earned
$0
Price spread: 0.000% → −0.087%
$8.69
Slippage, 4 orders
−$259.86
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$274.18
Costs to cover
2.829%
Break-even
never at this rate
Slippage from Bybit: live order book, 33 min ago; KuCoin: live order book, 37 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 Bybit live order book, 33 min ago4.42 bp69.8 bp −$70173.5 bp −$1,735doesn't fitdoesn't fit
Sell KuCoin live order book, 37 min ago7.35 bp68.9 bp −$69doesn't fitdoesn't fitdoesn't fit

ANIME on 13 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
Hyperliquid ANIME+0.0100%1h0.003460−0.058%$306K$97K3xas long as short
Aster ANIMEUSDT+0.0100%4h0.003463+0.036%$28K$3K5xas long as short
Binance ANIMEUSDT+0.0100%4h0.003461−0.015%$1.3M$1.8M20xas long as short
Bybit ANIMEUSDTlong+0.0100%4h0.003462long leg$709K$331K25x
OKX ANIME-USDT-SWAP+0.0100%4h0.003466+0.116%$450K$682K20xas long as short
Gate ANIME_USDT+0.0100%4h0.003458−0.116%$145K$55K25xas long as short
MEXC ANIME_USDT+0.0100%4h0.003460−0.058%$211K$90K20xas long as short
KuCoin ANIMEUSDTMshort+0.0100%4h0.0034620.000%$425K$79K20x
Bitget ANIMEUSDT+0.0100%4h0.003460−0.058%$871K$156K10xas long as short
BingX ANIME-USDT+0.0100%4h0.003461−0.029%$6.5Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ANIME+0.0100%4h0.003456−0.163%$12K$553as long as short
Kraken Futures PF_ANIMEUSD+0.0336%1h0.003458−0.113%$29K$12K10xas long as short
GMX ANIME/USD [ANIME-USDC]L +0.0497% / S −0.2017%1h0.003459−0.087%$846100xas long as short