PYBOBO arbitrage explained
Right now Capybobo (PYBOBO) trades on 3 venues we scan: 1 perpetual market, 3 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.000732 and the highest bid on Bybit spot at $0.000733.
For a spot–perpetual (cash-and-carry) trade, the best PYBOBO route is to buy spot on KuCoin and short the perpetual on KuCoin: -0.29% gross, -0.49% net, with +0.030% a day of funding on the short leg.
Spot–spot PYBOBO arbitrage (buy on KuCoin, withdraw, deposit and sell on Bybit) shows +0.07% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small PYBOBO gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: PYBOBO funding rates · PYBOBO spread charts · Capybobo price · arbitrage scanner for all coins.
Funding Rate Arbitrage: A Step-by-Step GuideHow funding rate arbitrage works: short where funding is high, long where it is low, collect the gap. The maths, a worked example, how to fi…
How to Short Crypto on Spot and Futures, and What Delta-Neutral MeansStep-by-step: shorting a coin with perpetual futures or spot margin, the costs (fees, funding, borrow interest), liquidation risk, and how d…
Why Two Exchanges Can Liquidate the Same Position at Different PricesMark price formulas, index constituents, maintenance margin tiers, funding and collateral rules are all set by each exchange — so the same l…