ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.029%

Price spread now: Bybit against KuCoin−0.018%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 7 days−0.025%−$2 · spread now −0.018%, 7d avg −0.049%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.049%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARBUSDTM	0.2212	0.0100	pay 0.0100% / 8h	1h 36m	$19.7M	$14.3M	75x
Short	Bybit ARBUSDT	0.2211	−0.0020	pay 0.0020% / 8h	1h 36m	$54.3M	$126.5M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$25.16
Price spread: −0.018% → −0.049%: $3.07
Slippage, 4 orders: −$25.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$70.23
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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, 2 min ago	1.13 bp	15.1 bp −$15	37.2 bp −$372	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.23 bp	8.6 bp −$9	17.2 bp −$172	40.6 bp −$4,057	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1592%	1h	0.2202	−0.439%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0222%	1h	0.2212	+0.014%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0104%	1h	0.2212	+0.014%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0082%	8h	0.2211	−0.041%	$22.2M	$146.6M	50x	as long as short
MEXC ARB_USDT	−0.0082%	8h	0.2211	−0.027%	$42.2M	$61.7M	200x	as long as short
01 Exchange ARBUSD	−0.0080%	1h	0.2211	−0.023%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0064%	8h	0.2212	+0.030%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2212	+0.014%	$13K	$407K	10x	as long as short
Bybit ARBUSDTshort	−0.0020%	8h	0.2211	−0.018%	$54.3M	$126.5M	50x
dYdX ARB-USD	0.0000%	1h	0.2212	+0.028%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2213	+0.041%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2212	+0.034%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0046%	8h	0.2211	−0.027%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2212	+0.007%	$463K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0057%	8h	0.2211	−0.032%	$21.2M	$34.8M	50x	as long as short
Extended ARB-USD	+0.0088%	1h	0.2211	−0.030%	$352K	$2.8M	25x	as long as short
Binance ARBUSDT	+0.0089%	8h	0.2212	+0.013%	$63.2M	$301.9M	75x	as long as short
BingX ARB-USDT	+0.0092%	8h	0.2212	−0.005%	—	$53.0M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2212	0.000%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2214	+0.104%	$37.5M	$49.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2214	+0.106%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2213	+0.050%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTMlong	+0.0100%	8h	0.2212	long leg	$19.7M	$14.3M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.006%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.149%	$481K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2214	+0.104%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2213	+0.059%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2212	+0.023%	$296K	$872K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2212	+0.014%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2213	+0.050%	$140K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0209%	8h	0.2212	−0.009%	$3.0M	$2.3M	75x	as long as short
Kraken Futures PF_ARBUSD	+0.0230%	1h	0.2213	+0.067%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2213	+0.069%	$835K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.411%	$520K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2212	+0.003%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0634%	1h	0.2215	+0.167%	$993K	$2.8M	20x	as long as short