Funding arb · Price arb /

ATH

all ATH markets

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 −0.015%

Price spread now: Bybit against KuCoin−0.036%7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$328as in the Funding arb table

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$3253.254% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.351%−$35 · spread now −0.036%, 7d avg −0.162%

Together, before fees−0.380%−$38 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 0.125% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATHUSDTM	0.005526	0.0100	pay 0.0050% / 4h	1h 59m	$553K	$79K	30x
Short	Bybit ATHUSDT	0.005524	0.0100	get 0.0050% / 4h	1h 59m	$4.4M	$2.7M	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 −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.162%: $12.54
Slippage, 4 orders: −$302.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$312.91
Costs to cover: 3.254%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Bybit: live order book, 3 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, 60 min ago	9.15 bp	161.0 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.41 bp	34.6 bp −$35	137.0 bp −$1,370	doesn't fit	doesn't fit

ATH 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_ATHUSD	−0.2366%	1h	0.005528	+0.042%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0126%	4h	0.005522	−0.073%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005532	+0.107%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005532	+0.114%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005532	+0.115%	$3.3M	$4.4M	50x	as long as short
Bybit ATHUSDTshort	+0.0100%	4h	0.005524	−0.036%	$4.4M	$2.7M	25x
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005524	−0.036%	$713K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005527	+0.018%	$791K	$604K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005533	+0.127%	$8.9M	$665K	50x	as long as short
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005526	long leg	$553K	$79K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005532	+0.109%	$1.6M	$914K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005533	+0.127%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0104%	4h	0.005547	+0.380%	$164K	$71K	75x	as long as short