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

LQTY

all LQTY 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: Bybit against KuCoin+0.171%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$596as in the Funding arb table
Net, price: spread back to 7d avg − costs−$583as in the Price arb table
costs, in and out, $10k−$5955.955% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.171%, 7d avg +0.046%
Together, before fees−0.174%−$17 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, +$12 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LQTYUSDTM0.23360.0100pay 0.0100% / 8h7h 48m$196K$24K30x
ShortBybit LQTYUSDT0.23400.0100get 0.0100% / 8h7h 48m$335K$184K20x

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

Funding earned
$0
Price spread: +0.171% → +0.046%
$12.49
Slippage, 4 orders
−$572.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$582.97
Costs to cover
5.955%
Break-even
never at this rate
Slippage from KuCoin: live order book, 42 min ago; Bybit: live order book, 41 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 KuCoin live order book, 42 min ago10.71 bp259.7 bp −$260doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 41 min ago2.14 bp89.5 bp −$90doesn't fitdoesn't fitdoesn't fit

LQTY on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LQTYUSDT+0.0100%8h0.23360.000%$1.3M$1.7M50xas long as short
Bybit LQTYUSDTshort+0.0100%8h0.2340+0.171%$335K$184K20x
OKX LQTY-USDT-SWAP+0.0100%8h0.2333−0.128%$223K$394K10xas long as short
Gate LQTY_USDT+0.0100%8h0.2337+0.043%$75K$39K50xas long as short
MEXC LQTY_USDT+0.0100%8h0.2337+0.043%$285K$147K200xas long as short
KuCoin LQTYUSDTMlong+0.0100%8h0.2336long leg$196K$24K30x
Bitget LQTYUSDT+0.0100%8h0.23360.000%$128K$107K50xas long as short
BingX LQTY-USDT+0.0100%8h0.2337+0.043%$1.4Mas long as short
Variational Omni LQTY+0.0100%8h0.2347+0.454%$30K$18Kas long as short
Kraken Futures PF_LQTYUSD+0.3350%1h0.2347+0.455%$5K$8K10xas long as short