Funding arb · Price arb /

ANIME

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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 +0.008%

Price spread now: Bitget against KuCoin−0.030%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2102.104% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.030%, 7d avg +0.017%

Together, before fees+0.040%+$4 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: Bitget is 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 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	KuCoin ANIMEUSDTM	0.003311	0.0100	pay 0.0050% / 4h	2h 38m	$433K	$58K	20x
Short	Bitget ANIMEUSDT	0.003310	0.0100	get 0.0050% / 4h	2h 38m	$846K	$145K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.017%: −$4.7
Slippage, 4 orders: −$186.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$215.06
Costs to cover: 2.104%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; Bitget: live order book, 8 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 KuCoin live order book, 20 min ago	5.99 bp	80.4 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	4.49 bp	32.0 bp −$32	188.8 bp −$1,888	doesn't fit	doesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD	−0.0041%	1h	0.003315	+0.113%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003315	+0.121%	$289K	$83K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003311	−0.003%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003318	+0.207%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003312	+0.030%	$679K	$270K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003314	+0.091%	$424K	$507K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003305	−0.181%	$138K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003316	+0.151%	$205K	$88K	20x	as long as short
KuCoin ANIMEUSDTMlong	+0.0100%	4h	0.003311	long leg	$433K	$58K	20x
Bitget ANIMEUSDTshort	+0.0100%	4h	0.003310	−0.030%	$846K	$145K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003309	−0.060%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003324	+0.392%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003313	+0.060%	$809	—	100x	as long as short