Funding arb · Price arb /

CHZ

all CHZ 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 0.000%

Price spread now: Bybit against KuCoin−0.187%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1921.921% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.187%, 7d avg −0.119%

Together, before fees−0.008%−$1 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 0.069% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHZUSDTM	0.01600	0.0100	pay 0.0100% / 8h	3h 56m	$720K	$155K	50x
Short	Bybit CHZUSDT	0.01597	0.0100	get 0.0100% / 8h	3h 56m	$4.1M	$1.4M	75x

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 −0.187%Rate

Funding earned: $0
Price spread: −0.187% → −0.119%: −$6.9
Slippage, 4 orders: −$169.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$199
Costs to cover: 1.921%
Break-even: never at this rate

Slippage from KuCoin: live order book, 18 min ago; Bybit: live order book, 1 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, 18 min ago	6.25 bp	66.8 bp −$67	140.7 bp −$1,407	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.13 bp	35.9 bp −$36	152.8 bp −$1,528	doesn't fit	doesn't fit

CHZ on 19 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
dYdX CHZ-USD	0.0000%	1h	0.01601	+0.042%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.625%	$1K	$7	5.5x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0057% / S +0.0269%	1h	0.01600	+0.019%	$3K	—	50x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01600	−0.013%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01600	+0.006%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDTshort	+0.0100%	8h	0.01597	−0.187%	$4.1M	$1.4M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01600	0.000%	$1.6M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01600	0.000%	$322K	$342K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01599	−0.062%	$4.2M	$943K	200x	as long as short
KuCoin CHZUSDTMlong	+0.0100%	8h	0.01600	long leg	$720K	$155K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01599	−0.062%	$3.8M	$796K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01599	−0.062%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01597	−0.174%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01603	+0.187%	$45K	$671K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01601	+0.062%	$295	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01599	−0.062%	$53K	$82K	20x	as long as short
BloFin CHZ-USDT	+0.0104%	8h	0.01599	−0.062%	$329K	$26K	75x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01599	−0.032%	$2K	$352K	10x	as long as short
Kraken Futures PF_CHZUSD	+0.0550%	1h	0.01604	+0.244%	$72K	$67K	25x	as long as short