Funding arb · Price arb /

ALT

all ALT markets

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 0.000%

Price spread now: Binance against KuCoin−0.053%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$736as in the Funding arb table

Net, price: spread back to 7d avg − costs−$740as in the Price arb table

costs, in and out, $10k−$7367.359% of the position

Long on KuCoin Short on Binance

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)+0.058%+$6 · spread now −0.053%, 7d avg −0.014%

Together, before fees+0.055%+$6 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: Binance is 0.039% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007559	0.0100	pay 0.0050% / 4h	1h 49m	$146K	$19K	30x
Short	Binance ALTUSDT	0.007555	0.0100	get 0.0050% / 4h	1h 49m	$2.6M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.014%: −$3.85
Slippage, 4 orders: −$713.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$739.73
Costs to cover: 7.359%
Break-even: never at this rate

Slippage from KuCoin: live order book, 66 min ago; Binance: live order book, 2 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, 66 min ago	7.88 bp	464.6 bp −$465	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.66 bp	24.3 bp −$24	89.7 bp −$897	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
Kraken Futures PF_ALTUSD	−0.0425%	1h	0.007556	−0.033%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007557	−0.026%	—	$0	25x	as long as short
Variational Omni ALT	+0.0017%	4h	0.007540	−0.255%	$4K	$16K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.746%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007552	−0.093%	$1.1M	$138K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007555	−0.053%	$2.6M	$3.4M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007552	−0.093%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007545	−0.185%	$50K	$382K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007555	−0.053%	$379K	$168K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007559	long leg	$146K	$19K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007543	−0.212%	$605K	$129K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007554	−0.066%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0153%	4h	0.007550	−0.119%	$169K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007691	+1.746%	$14K	$2K	50x	as long as short