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

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.018%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$959as in the Funding arb table
Net, price: spread back to 7d avg − costs−$933as in the Price arb table
costs, in and out, $10k−$9349.345% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.244%−$24 on $10k
Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.018%, 7d avg +0.006%
Together, before fees−0.116%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit C98USDT0.016490.0100pay 0.0100% / 8h5h 30m$872K$234K25x
ShortKuCoin C98USDTM0.016490.0100get 0.0100% / 8h5h 30m$198K$33K20x

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: +0.018% → +0.006%
$1.24
Slippage, 4 orders
−$911.47
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$933.23
Costs to cover
9.345%
Break-even
never at this rate
Slippage from Bybit: live order book, 12 min ago; KuCoin: live order book, 71 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, 12 min ago12.12 bp111.2 bp −$1111602.9 bp −$16.0Kdoesn't fitdoesn't fit
Sell KuCoin live order book, 71 min ago33.57 bp378.4 bp −$378doesn't fitdoesn't fitdoesn't fit

C98 on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin C98-USDT+0.0075%8h0.01648−0.042%$138K$9K50xas long as short
Binance C98USDT+0.0100%8h0.01648−0.073%$1.4M$1.9M50xas long as short
Bybit C98USDTlong+0.0100%8h0.01649long leg$872K$234K25x
Gate C98_USDT+0.0100%8h0.01647−0.103%$105K$47K25xas long as short
MEXC C98_USDT+0.0100%8h0.01648−0.042%$279K$101K100xas long as short
KuCoin C98USDTMshort+0.0100%8h0.01649+0.018%$198K$33K20x
Bitget C98USDT+0.0100%8h0.01647−0.103%$184K$324K50xas long as short
Variational Omni C98+0.0100%8h0.01646−0.157%$8K$1as long as short
Kraken Futures PF_C98USD+0.1456%1h0.01651+0.114%$15K$4K10xas long as short