Funding you earn now, next payment 04:00 UTC−0.0740%/8h= −81.0% APRnext payment −$3.70 per $10,000 · paid last 24h −0.179%
Price spread now: Bybit against KuCoin0.000%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,128as in the Price arb table
costs, in and out, $10k−$1,12111.209% of the position
Funding, last 7 days−0.625%−$63 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now 0.000%, 7d avg +0.068%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bybit is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin APRUSDTM | 0.1464 | 0.0840 | pay 0.0420% / 4h | 25m 52s | $2.3M | $333K | 50x |
| Short | Bybit APRUSDT | 0.1464 | 0.0100 | get 0.0050% / 4h | 25m 52s | $1.4M | $640K | 20x |
KuCoin APRUSDTM
Bybit APRUSDTFunding 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
- −$155.4
- Price spread: 0.000% → +0.068%
- −$6.78
- Slippage, 4 orders
- −$1,097.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,283.07
- Costs to cover
- 11.209%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bybit: 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 KuCoin live order book, 6 min ago | 14.30 bp | 520.7 bp −$521 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 10.20 bp | 144.5 bp −$144 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0081% | 4h | 0.1465 | +0.082% | $286K | $110K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1463 | −0.055% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDTshort | +0.0100% | 4h | 0.1464 | 0.000% | $1.4M | $640K | 20x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1462 | −0.123% | $356K | $177K | 50x | as long as short |
| Bitget APRUSDT | +0.0100% | 4h | 0.1464 | +0.014% | $3.9M | $961K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1463 | −0.055% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1467 | +0.219% | $19K | $58K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0321% | 4h | 0.1466 | +0.150% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0336% | 4h | 0.1463 | −0.055% | — | $1.4M | — | as long as short |
| Gate APR_USDT | +0.0392% | 4h | 0.1463 | −0.055% | $699K | $186K | 25x | as long as short |
BloFin APR-USDT
Binance APRUSDT
MEXC APR_USDT
Bitget APRUSDT
SunX APR-USDT
HTX APR-USDT
OKX APR-USDT-SWAP
BingX APR-USDT
Gate APR_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0813% | 4h | 0.1462 | −0.092% | $71K | $80K | 5x | as long as short |
| KuCoin APRUSDTMlong | +0.0840% | 4h | 0.1464 | long leg | $2.3M | $333K | 50x |
Aster APRUSDT