Funding you earn now, next payment 08:00 UTC−0.1270%/8h= −139.1% APRnext payment −$6.35 per $10,000 · paid last 24h −0.077%
Price spread now: Bybit against KuCoin+0.118%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$653as in the Funding arb table
Net, price: spread back to 7d avg − costs−$622as in the Price arb table
costs, in and out, $10k−$6306.303% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.118%, 7d avg +0.040%
=The price spread pays, funding is against you. Bybit is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.040%): +$8 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.227% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.35 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 | KuCoin ALCHUSDTM | 0.05069 | 0.1370 | pay 0.0685% / 4h | 3h 56m | $1.2M | $272K | 10x |
| Short | Bybit ALCHUSDT | 0.05075 | 0.0100 | get 0.0050% / 4h | 3h 56m | $3.0M | $6.2M | 20x |
KuCoin ALCHUSDTM
Bybit ALCHUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$266.7
- Price spread: +0.118% → +0.040%
- $7.86
- Slippage, 4 orders
- −$607.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$889.11
- Costs to cover
- 6.303%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Bybit: 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, 9 min ago | 28.59 bp | 306.3 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.93 bp | 67.6 bp −$68 | 319.3 bp −$3,193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALCHUSDTshort | +0.0100% | 4h | 0.05075 | +0.118% | $3.0M | $6.2M | 20x | |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05084 | +0.296% | $291K | $690K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05075 | +0.118% | $895K | $1.8M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05082 | +0.259% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.0755% | 4h | 0.05079 | +0.197% | $12K | $110K | 5x | as long as short |
| BingX ALCH-USDT | +0.0790% | 4h | 0.05076 | +0.138% | — | $6.7M | — | as long as short |
| BloFin ALCH-USDT | +0.0809% | 4h | 0.05072 | +0.059% | $395K | $113K | 10x | as long as short |
| Binance ALCHUSDT | +0.0821% | 4h | 0.05086 | +0.336% | $6.0M | $27.6M | 10x | as long as short |
| MEXC ALCH_USDT | +0.0824% | 4h | 0.05079 | +0.197% | $4.9M | $2.4M | 100x | as long as short |
| KuCoin ALCHUSDTMlong | +0.1370% | 4h | 0.05069 | long leg | $1.2M | $272K | 10x |
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
BingX ALCH-USDT
BloFin ALCH-USDT
Binance ALCHUSDT
MEXC ALCH_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSD | +0.3085% | 1h | 0.05083 | +0.269% | $12K | $34K | 10x | as long as short |
Kraken Futures PF_ALCHUSD