Funding arb · Price arb /

MEME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against KuCoin−0.147%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$409as in the Funding arb table

Net, price: spread back to 7d avg − costs−$416as in the Price arb table

costs, in and out, $10k−$3983.983% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.436%+$44 · spread now −0.147%, 7d avg +0.035%

Together, before fees+0.328%+$33 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 0.182% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MEMEUSDTM	0.0006131	0.0100	pay 0.0050% / 4h	3h 38m	$170K	$48K	30x
Short	Bybit MEMEUSDT	0.0006122	0.0100	get 0.0050% / 4h	3h 38m	$1.2M	$789K	50x

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 −0.147%Rate

Funding earned: $0
Price spread: −0.147% → +0.035%: −$18.2
Slippage, 4 orders: −$375.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$416.46
Costs to cover: 3.983%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; Bybit: live order book, 2 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, 52 min ago	11.36 bp	166.5 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.08 bp	42.8 bp −$43	414.5 bp −$4,145	doesn't fit	doesn't fit

MEME on 11 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
GMX MEME/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0006130	−0.016%	—	—	100x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006130	−0.016%	$540K	$215K	3x	as long as short
Binance MEMEUSDT	+0.0100%	4h	0.0006129	−0.026%	$2.4M	$5.4M	50x	as long as short
Bybit MEMEUSDTshort	+0.0100%	4h	0.0006122	−0.147%	$1.2M	$789K	50x
OKX MEME-USDT-SWAP	+0.0100%	4h	0.0006131	0.000%	$622K	$2.1M	20x	as long as short
Gate MEME_USDT	+0.0100%	4h	0.0006120	−0.179%	$428K	$91K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006127	−0.065%	$857K	$465K	50x	as long as short
KuCoin MEMEUSDTMlong	+0.0100%	4h	0.0006131	long leg	$170K	$48K	30x
Bitget MEMEUSDT	+0.0100%	4h	0.0006126	−0.082%	$467K	$821K	25x	as long as short
BingX MEME-USDT	+0.0100%	4h	0.0006127	−0.065%	—	$2.4M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MEME-USDT	+0.0114%	4h	0.0006144	+0.212%	$125K	$7K	50x	as long as short