Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against KuCoin−0.013%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$857as in the Funding arb table

Net, price: spread back to 7d avg − costs−$840as in the Price arb table

costs, in and out, $10k−$8478.468% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.013%, 7d avg −0.082%

Together, before fees−0.154%−$15 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% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007538	0.0100	pay 0.0050% / 4h	46m 14s	$150K	$21K	30x
Short	Bybit ALTUSDT	0.007537	0.0100	get 0.0050% / 4h	46m 14s	$1.2M	$1.6M	25x

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 −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.082%: $6.86
Slippage, 4 orders: −$823.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$839.93
Costs to cover: 8.468%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 5 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, 8 min ago	10.60 bp	461.3 bp −$461	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.32 bp	27.8 bp −$28	126.1 bp −$1,261	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	−0.0148%	1h	0.007542	+0.053%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	−0.0088%	1h	0.007545	+0.094%	$44K	$8K	10x	as long as short
Variational Omni ALT	−0.0061%	4h	0.007528	−0.132%	$4K	$12K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.083%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007538	0.000%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007542	+0.050%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007537	−0.013%	$1.2M	$1.6M	25x
Gate ALT_USDT	+0.0100%	8h	0.007529	−0.119%	$50K	$411K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007541	+0.040%	$402K	$184K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007538	long leg	$150K	$21K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007530	−0.106%	$619K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007538	0.000%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0132%	4h	0.007542	+0.053%	$171K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007548	+0.133%	$14K	$3K	50x	as long as short