Funding arb · Price arb /

ALT

all ALT markets

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 +0.012%

Price spread now: KuCoin against Bybit+0.158%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$763as in the Funding arb table

Net, price: spread back to 7d avg − costs−$765as in the Price arb table

costs, in and out, $10k−$7727.722% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.158%, 7d avg +0.085%

Together, before fees−0.077%−$8 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 0.073% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007616	0.0100	pay 0.0050% / 4h	1h 03m	$1.2M	$1.7M	25x
Short	KuCoin ALTUSDTM	0.007628	0.0100	get 0.0050% / 4h	1h 03m	$152K	$20K	30x

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 +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.085%: $7.28
Slippage, 4 orders: −$749.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$764.88
Costs to cover: 7.722%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 10 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, 3 min ago	3.93 bp	34.4 bp −$34	140.7 bp −$1,407	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	11.07 bp	284.9 bp −$285	doesn't fit	doesn't fit	doesn't fit

ALT on 14 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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007615	−0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.985%	$837	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0076%	4h	0.007616	0.000%	$124K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007612	−0.053%	$1.1M	$193K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007608	−0.102%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007616	long leg	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007614	−0.026%	$48K	$404K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007617	+0.013%	$405K	$186K	50x	as long as short
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007628	+0.158%	$152K	$20K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007609	−0.092%	$600K	$107K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007616	0.000%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007624	+0.105%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007700	+1.103%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0446%	1h	0.007622	+0.084%	$45K	$8K	10x	as long as short