Funding you earn now, next payment 04:00 UTC+0.1802%/8h= +197.3% APRnext payment +$9.01 per $10,000 · paid last 24h +0.074%
Price spread now: KuCoin against Bybit+0.279%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$646as in the Funding arb table
Net, price: spread back to 7d avg − costs−$637as in the Price arb table
costs, in and out, $10k−$6686.682% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 4 days (all we have)+0.165%+$17 · spread now +0.279%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and KuCoin is 0.312% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.033%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALCHUSDT | 0.05380 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $3.3M | $5.5M | 20x |
| Short | KuCoin ALCHUSDTM | 0.05395 | 0.1902 | get 0.0951% / 4h | 3h 05m | $1.3M | $253K | 10x |
Bybit ALCHUSDT
KuCoin ALCHUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $378.42
- Price spread: +0.279% → −0.033%
- $31.2
- Slippage, 4 orders
- −$645.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$258.61
- Costs to cover
- 6.682%
- Break-even
- 11.8 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: 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 Bybit live order book, 2 min ago | 3.73 bp | 75.8 bp −$76 | 342.5 bp −$3,425 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 33.22 bp | 194.4 bp −$194 | doesn't fit | doesn't fit | doesn't fit |
ALCH on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ALCH-USDT | +0.0070% | 4h | 0.05393 | +0.242% | — | $6.7M | — | as long as short |
| Bybit ALCHUSDTlong | +0.0100% | 4h | 0.05380 | long leg | $3.3M | $5.5M | 20x | |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05379 | −0.019% | $291K | $633K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05386 | +0.112% | $1.0M | $1.5M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05378 | −0.046% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1531% | 4h | 0.05394 | +0.254% | $12K | $78K | 5x | as long as short |
| BloFin ALCH-USDT | +0.1702% | 4h | 0.05390 | +0.186% | $429K | $110K | 10x | as long as short |
| MEXC ALCH_USDT | +0.1728% | 4h | 0.05383 | +0.056% | $5.3M | $2.3M | 100x | as long as short |
| Binance ALCHUSDT | +0.1729% | 4h | 0.05395 | +0.279% | $6.6M | $25.5M | 10x | as long as short |
| Kraken Futures PF_ALCHUSD | +0.1801% | 1h | 0.05387 | +0.138% | $9K | $29K | 10x | as long as short |
BingX ALCH-USDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
BloFin ALCH-USDT
MEXC ALCH_USDT
Binance ALCHUSDT
Kraken Futures PF_ALCHUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALCHUSDTMshort | +0.1902% | 4h | 0.05395 | +0.279% | $1.3M | $253K | 10x |