Funding arb · Price arb /

ALT

all ALT markets

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 0.000%

Price spread now: KuCoin against Binance+0.054%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$890as in the Funding arb table

Net, price: spread back to 7d avg − costs−$886as in the Price arb table

costs, in and out, $10k−$8908.902% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.054%, 7d avg +0.016%

Together, before fees−0.067%−$7 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 0.038% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007467	0.0100	pay 0.0050% / 4h	1h 06m	$2.6M	$3.3M	50x
Short	KuCoin ALTUSDTM	0.007471	0.0100	get 0.0050% / 4h	1h 06m	$146K	$18K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.016%: $3.78
Slippage, 4 orders: −$868.22
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$886.44
Costs to cover: 8.902%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 20 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 Binance live order book, 8 min ago	0.67 bp	22.5 bp −$22	150.0 bp −$1,500	8972.6 bp −$897.3K	doesn't fit
Sell KuCoin live order book, 20 min ago	10.07 bp	562.9 bp −$563	doesn't fit	doesn't fit	doesn't fit

ALT on 14 exchanges

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	0.007466	−0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+3.000%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007459	−0.107%	$1.1M	$119K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007467	long leg	$2.6M	$3.3M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007456	−0.147%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007465	−0.027%	$51K	$374K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007464	−0.040%	$373K	$171K	50x	as long as short
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007471	+0.054%	$146K	$18K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007468	+0.013%	$595K	$144K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007460	−0.094%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007459	−0.106%	$4K	$9K	—	as long as short
BloFin ALT-USDT	+0.0157%	4h	0.007470	+0.040%	$170K	$6K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0336%	1h	0.007467	−0.003%	$45K	$10K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0560%	1h	0.007580	+1.513%	$14K	$2K	50x	as long as short