Funding you earn now, next payment 12:00 UTC−0.0629%/8h= −68.9% APRpaid last 24h −0.078%
Price spread now: KuCoin against Bybit−0.062%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$860as in the Funding arb table
Net, price: spread back to 7d avg − costs−$856as in the Price arb table
costs, in and out, $10k−$8498.486% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+0.554%+$55 · spread now −0.062%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.078% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.2% a year). A funding rate is set anew for every payment. 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 ALICEUSDT | 0.1446 | 0.0729 | pay 0.0729% / 8h | 7h 00m | $682K | $222K | 25x |
| Short | KuCoin ALICEUSDTM | 0.1445 | 0.0100 | get 0.0050% / 4h | 3h 00m | $422K | $48K | 30x |
Bybit ALICEUSDT
KuCoin ALICEUSDTMFunding 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
- −$132.05
- Price spread: −0.062% → +0.016%
- −$7.83
- Slippage, 4 orders
- −$825.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$988.48
- Costs to cover
- 8.486%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 24 min ago; KuCoin: live order book, 22 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, 24 min ago | 5.22 bp | 123.6 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 20.80 bp | 282.1 bp −$282 | doesn't fit | doesn't fit | doesn't fit |
ALICE 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ALICEUSDT | +0.0100% | 4h | 0.1443 | −0.215% | $9K | $19 | 5x | as long as short |
| Binance ALICEUSDT | +0.0100% | 4h | 0.1443 | −0.180% | $2.3M | $2.9M | 50x | as long as short |
| MEXC ALICE_USDT | +0.0100% | 4h | 0.1443 | −0.201% | $540K | $127K | 50x | as long as short |
| KuCoin ALICEUSDTMshort | +0.0100% | 4h | 0.1445 | −0.062% | $422K | $48K | 30x | |
| Bitget ALICEUSDT | +0.0100% | 4h | 0.1443 | −0.201% | $1.0M | $131K | 50x | as long as short |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1444 | −0.131% | — | $1.3M | — | as long as short |
| Variational Omni ALICE | +0.0100% | 8h | 0.1447 | +0.078% | $476 | $472 | — | as long as short |
| BloFin ALICE-USDT | +0.0151% | 4h | 0.1443 | −0.201% | $156K | $23K | 50x | as long as short |
| Gate ALICE_USDT | +0.0279% | 8h | 0.1446 | +0.007% | $94K | $104K | 25x | as long as short |
| Bybit ALICEUSDTlong | +0.0729% | 8h | 0.1446 | long leg | $682K | $222K | 25x |
Aster ALICEUSDT
Binance ALICEUSDT
MEXC ALICE_USDT
Bitget ALICEUSDT
BingX ALICE-USDT
Variational Omni ALICE
BloFin ALICE-USDT
Gate ALICE_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALICEUSD | +0.1686% | 1h | 0.1448 | +0.130% | $33K | $3K | 10x | as long as short |
Kraken Futures PF_ALICEUSD