Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: KuCoin against Bybit+0.026%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$525as in the Funding arb table

Net, price: spread back to 7d avg − costs−$539as in the Price arb table

costs, in and out, $10k−$5335.331% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.026%, 7d avg +0.086%

Together, before fees+0.087%+$9 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 0.059% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007631	0.0100	pay 0.0050% / 4h	3h 45m	$1.2M	$1.9M	25x
Short	KuCoin ALTUSDTM	0.007633	0.0100	get 0.0050% / 4h	3h 45m	$151K	$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 +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.086%: −$5.95
Slippage, 4 orders: −$510.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$539.04
Costs to cover: 5.331%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; 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, 6 min ago	3.93 bp	33.9 bp −$34	250.0 bp −$2,500	doesn't fit	doesn't fit
Sell KuCoin live order book, 18 min ago	9.81 bp	243.9 bp −$244	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	0.007630	−0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.786%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007631	−0.006%	$45K	$8K	10x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007627	−0.052%	$1.1M	$148K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007634	+0.037%	$2.7M	$3.7M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007631	long leg	$1.2M	$1.9M	25x
Gate ALT_USDT	+0.0100%	8h	0.007630	−0.013%	$50K	$379K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007628	−0.039%	$386K	$177K	50x	as long as short
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007633	+0.026%	$151K	$20K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007628	−0.039%	$615K	$125K	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	0.007630	−0.013%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007622	−0.122%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0111%	4h	0.007631	0.000%	$174K	$11K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+0.786%	$14K	$3K	50x	as long as short