2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.167%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1851.845% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.569%+$57 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.167%, 7d avg −0.066%

Together, before fees+0.663%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.102% cheaper against Bybit than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of −0.066%). If the spread goes back, that is −$10 on $10k: about 5.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.569% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 2ZUSDT	0.05146	0.0032	pay 0.0016% / 4h	51m 57s	$703K	$1.0M	50x
Short	KuCoin 2ZUSDTM	0.05137	0.0100	get 0.0050% / 4h	51m 57s	$165K	$63K	50x

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 −0.167%Rate

Funding earned: $14.17
Price spread: −0.167% → −0.066%: −$10.15
Slippage, 4 orders: −$161.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$180.5
Costs to cover: 1.845%
Break-even: 96.1 days

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 35 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, 2 min ago	3.88 bp	20.7 bp −$21	439.4 bp −$4,394	doesn't fit	doesn't fit
Sell KuCoin live order book, 35 min ago	8.35 bp	75.8 bp −$76	597.4 bp −$5,974	doesn't fit	doesn't fit

2Z on 17 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
Kraken Futures PF_2ZUSD	−0.2843%	1h	0.05140	−0.125%	$5K	$3K	10x	as long as short
Backpack 2Z_USDC_PERP	−0.0974%	1h	0.05147	+0.019%	$45K	$2K	5x	as long as short
Bybit 2ZUSDTlong	+0.0032%	4h	0.05146	long leg	$703K	$1.0M	50x
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.226%	$867	$213	5.5x	as long as short
MEXC 2Z_USDT	+0.0036%	4h	0.05147	+0.019%	$305K	$137K	50x	as long as short
Lighter 2Z	+0.0096%	1h	0.05150	+0.078%	$16K	$3K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05144	−0.029%	$644K	$325K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05150	+0.085%	$12K	$20K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05144	−0.029%	$74K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05142	−0.070%	$2.0M	$2.1M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05141	−0.097%	$426K	$724K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05137	−0.175%	$92K	$81K	50x	as long as short
KuCoin 2ZUSDTMshort	+0.0100%	4h	0.05137	−0.167%	$165K	$63K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05150	+0.078%	$166K	$711K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05144	−0.039%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05159	+0.245%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05149	+0.058%	$1K	$1.1M	20x	as long as short