Funding arb · Price arb /

ANIME

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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 −0.011%

Price spread now: Bybit against KuCoin+0.030%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$2962.964% of the position

Long on KuCoin Short on Bybit

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)+0.004%$0 · spread now +0.030%, 7d avg +0.086%

Together, before fees+0.036%+$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: Bybit is 0.056% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ANIMEUSDTM	0.003382	0.0100	pay 0.0050% / 4h	1h 15m	$436K	$60K	20x
Short	Bybit ANIMEUSDT	0.003383	0.0100	get 0.0050% / 4h	1h 15m	$706K	$290K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.086%: −$5.61
Slippage, 4 orders: −$273.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$301.97
Costs to cover: 2.964%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 45 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, 7 min ago	8.88 bp	85.9 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 45 min ago	2.97 bp	60.7 bp −$61	211.1 bp −$2,111	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	−0.0066%	1h	0.003385	+0.086%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003380	−0.059%	$295K	$107K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003380	−0.053%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003380	−0.046%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDTshort	+0.0100%	4h	0.003383	+0.030%	$706K	$290K	25x
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003380	−0.059%	$437K	$556K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003378	−0.118%	$142K	$70K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003380	−0.059%	$213K	$90K	20x	as long as short
KuCoin ANIMEUSDTMlong	+0.0100%	4h	0.003382	long leg	$436K	$60K	20x
Bitget ANIMEUSDT	+0.0100%	4h	0.003381	−0.030%	$857K	$171K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003382	0.000%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003385	+0.084%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003382	0.000%	$826	—	100x	as long as short