Funding you earn now, next payment 00:00 UTC−0.0622%/8h= −68.1% APRnext payment −$3.11 per $10,000 · paid last 24h −0.067%
Price spread now: KuCoin against Bybit−0.239%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$737as in the Funding arb table
Net, price: spread back to 7d avg − costs−$749as in the Price arb table
costs, in and out, $10k−$7307.304% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.239%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.187% cheaper against Bybit than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.11 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 | Bybit ARXUSDT | 0.2008 | 0.0722 | pay 0.0361% / 4h | 50m 33s | $4.0M | $2.3M | 20x |
| Short | KuCoin ARXUSDTM | 0.2003 | 0.0100 | get 0.0050% / 4h | 50m 33s | $698K | $702K | 20x |
Bybit ARXUSDT
KuCoin ARXUSDTMFunding 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
- −$130.67
- Price spread: −0.239% → −0.052%
- −$18.66
- Slippage, 4 orders
- −$707.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$879.77
- Costs to cover
- 7.304%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 13 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, 2 min ago | 2.50 bp | 150.5 bp −$151 | 1937.0 bp −$19.4K | 71499.0 bp −$7.15M | doesn't fit |
| Sell KuCoin live order book, 13 min ago | 14.20 bp | 249.4 bp −$249 | doesn't fit | doesn't fit | doesn't fit |
ARX on 10 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 ARX-USDT | +0.0080% | 4h | 0.2008 | 0.000% | $193K | $51K | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0100% | 4h | 0.2011 | +0.149% | $727K | $3.0M | 20x | as long as short |
| Gate ARX_USDT | +0.0100% | 4h | 0.2009 | +0.050% | $1.0M | $408K | 20x | as long as short |
| KuCoin ARXUSDTMshort | +0.0100% | 4h | 0.2003 | −0.239% | $698K | $702K | 20x | |
| MEXC ARX_USDT | +0.0142% | 4h | 0.2008 | 0.000% | $859K | $402K | 20x | as long as short |
| Binance ARXUSDT | +0.0155% | 4h | 0.2009 | +0.050% | $5.4M | $11.1M | 20x | as long as short |
| Bitget ARXUSDT | +0.0202% | 4h | 0.2009 | +0.070% | $1.9M | $1.7M | 20x | as long as short |
| Aster ARXUSDT | +0.0332% | 4h | 0.2006 | −0.077% | $86K | $91K | 10x | as long as short |
| BingX ARX-USDT | +0.0630% | 4h | 0.2008 | 0.000% | — | $1.7M | — | as long as short |
| Bybit ARXUSDTlong | +0.0722% | 4h | 0.2008 | long leg | $4.0M | $2.3M | 20x |
BloFin ARX-USDT
OKX ARX-USDT-SWAP
Gate ARX_USDT
MEXC ARX_USDT
Binance ARXUSDT
Bitget ARXUSDT
Aster ARXUSDT
BingX ARX-USDT