Funding you earn now, next payment 00:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.46 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against KuCoin−0.226%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$547as in the Funding arb table
Net, price: spread back to 7d avg − costs−$551as in the Price arb table
costs, in and out, $10k−$5375.367% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.226%, 7d avg −0.083%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.143% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALTUSDTM | 0.007507 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $149K | $21K | 30x |
| Short | Bybit ALTUSDT | 0.007490 | 0.0007 | get 0.0004% / 4h | 1h 38m | $1.2M | $1.6M | 25x |
KuCoin ALTUSDTM
Bybit ALTUSDTFunding 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
- −$19.5
- Price spread: −0.226% → −0.083%
- −$14.31
- Slippage, 4 orders
- −$513.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$570.52
- Costs to cover
- 5.367%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; Bybit: live order book, 3 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, 26 min ago | 14.07 bp | 237.9 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.34 bp | 26.6 bp −$27 | 192.1 bp −$1,921 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | −0.0222% | 4h | 0.007481 | −0.351% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007500 | −0.093% | — | $0 | 25x | as long as short |
| Bybit ALTUSDTshort | +0.0007% | 4h | 0.007490 | −0.226% | $1.2M | $1.6M | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.678% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007492 | −0.200% | $1.1M | $185K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007499 | −0.112% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007493 | −0.186% | $50K | $414K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007499 | −0.107% | $390K | $189K | 50x | as long as short |
| KuCoin ALTUSDTMlong | +0.0100% | 4h | 0.007507 | long leg | $149K | $21K | 30x | |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007497 | −0.133% | $616K | $100K | 50x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007495 | −0.160% | — | $1.3M | — | as long as short |
| BloFin ALT-USDT | +0.0107% | 4h | 0.007508 | +0.013% | $172K | $9K | 50x | as long as short |
| Kraken Futures PF_ALTUSD | +0.0348% | 1h | 0.007500 | −0.098% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0448% | 1h | 0.007518 | +0.147% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
BloFin ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX