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 −0.013%

Price spread now: Bybit against KuCoin−0.146%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,123as in the Price arb table

costs, in and out, $10k−$1,11611.165% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.146%, 7d avg −0.085%

Together, before fees−0.023%−$2 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 0.061% cheaper against KuCoin than usual: you would sell low and buy high, −$6 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	KuCoin ALTUSDTM	0.007560	0.0100	pay 0.0050% / 4h	2h 41m	$150K	$20K	30x
Short	Bybit ALTUSDT	0.007549	0.0100	get 0.0050% / 4h	2h 41m	$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 −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.085%: −$6.08
Slippage, 4 orders: −$1,093.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,122.57
Costs to cover: 11.165%
Break-even: never at this rate

Slippage from KuCoin: live order book, 62 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, 62 min ago	11.26 bp	476.6 bp −$477	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.97 bp	29.0 bp −$29	135.9 bp −$1,359	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
Hyperliquid ALT	+0.0100%	1h	0.007558	−0.026%	$1.1M	$188K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007553	−0.091%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007549	−0.146%	$1.2M	$1.6M	25x
Gate ALT_USDT	+0.0100%	8h	0.007549	−0.146%	$52K	$398K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007557	−0.040%	$405K	$184K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007560	long leg	$150K	$20K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007542	−0.238%	$598K	$113K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007549	−0.146%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007546	−0.187%	$5K	$13K	—	as long as short
BloFin ALT-USDT	+0.0141%	4h	0.007552	−0.106%	$172K	$10K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0209%	1h	0.007559	−0.019%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0279%	1h	0.007561	+0.013%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007598	+0.503%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	+0.582%	$827	$4K	5.5x	as long as short