Funding arb · Price arb /

MMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.138%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2712.711% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.138%, 7d avg +0.009%

Together, before fees+0.175%+$18 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: KuCoin is 0.130% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MMTUSDT	0.1663	0.0100	pay 0.0050% / 4h	2h 20m	$1.5M	$766K	25x
Short	KuCoin MMTUSDTM	0.1665	0.0100	get 0.0050% / 4h	2h 20m	$597K	$93K	50x

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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.009%: $12.98
Slippage, 4 orders: −$248.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$258.15
Costs to cover: 2.711%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; KuCoin: live order book, 18 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 Bybit live order book, just now	3.01 bp	47.7 bp −$48	3600.2 bp −$36.0K	doesn't fit	doesn't fit
Sell KuCoin live order book, 18 min ago	11.21 bp	64.9 bp −$65	451.9 bp −$4,519	doesn't fit	doesn't fit

MMT on 10 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
Aster MMTUSDT	+0.0100%	4h	0.1664	+0.084%	$4K	$28K	5x	as long as short
Binance MMTUSDT	+0.0100%	4h	0.1663	+0.018%	$5.4M	$4.0M	50x	as long as short
Bybit MMTUSDTlong	+0.0100%	4h	0.1663	long leg	$1.5M	$766K	25x
OKX MMT-USDT-SWAP	+0.0100%	4h	0.1661	−0.102%	$1.7M	$2.5M	20x	as long as short
MEXC MMT_USDT	+0.0100%	4h	0.1662	−0.042%	$488K	$155K	20x	as long as short
KuCoin MMTUSDTMshort	+0.0100%	4h	0.1665	+0.138%	$597K	$93K	50x
Bitget MMTUSDT	+0.0100%	4h	0.1664	+0.078%	$1.4M	$465K	50x	as long as short
BingX MMT-USDT	+0.0100%	4h	0.1663	+0.018%	—	$6.5M	—	as long as short
Variational Omni MMT	+0.0100%	4h	0.1664	+0.090%	$2K	$4K	—	as long as short
Gate MMT_USDT	+0.0579%	8h	0.1665	+0.138%	$560K	$240K	50x	as long as short