Funding you earn now, next payment 08:00 UTC−0.0216%/8h= −23.7% APRnext payment −$1.08 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.215%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,229as in the Price arb table
costs, in and out, $10k−$1,21512.153% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.215%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.134% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.08 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 ATUSDT | 0.1579 | 0.0316 | pay 0.0158% / 4h | 1h 07m | $529K | $1.1M | 25x |
| Short | KuCoin ATUSDTM | 0.1576 | 0.0100 | get 0.0050% / 4h | 1h 07m | $256K | $161K | 50x |
Bybit ATUSDT
KuCoin ATUSDTMFunding 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
- −$45.39
- Price spread: −0.215% → −0.081%
- −$13.43
- Slippage, 4 orders
- −$1,192.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,274.13
- Costs to cover
- 12.153%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 35 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, 3 min ago | 5.70 bp | 235.9 bp −$236 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 35 min ago | 3.14 bp | 506.2 bp −$506 | 992.2 bp −$9,922 | doesn't fit | doesn't fit |
AT 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ATUSDT | +0.0100% | 4h | 0.1579 | −0.033% | $8.6M | $3.7M | 50x | as long as short |
| OKX AT-USDT-SWAP | +0.0100% | 4h | 0.1580 | +0.038% | $217K | $559K | 20x | as long as short |
| Gate AT_USDT | +0.0100% | 4h | 0.1577 | −0.133% | $153K | $191K | 20x | as long as short |
| MEXC AT_USDT | +0.0100% | 4h | 0.1579 | −0.025% | $239K | $169K | 50x | as long as short |
| KuCoin ATUSDTMshort | +0.0100% | 4h | 0.1576 | −0.215% | $256K | $161K | 50x | |
| Bitget ATUSDT | +0.0100% | 4h | 0.1580 | +0.038% | $667K | $183K | 50x | as long as short |
| BloFin AT-USDT | +0.0109% | 4h | 0.1576 | −0.215% | $361K | $8K | 50x | as long as short |
| Aster ATUSDT | +0.0244% | 4h | 0.1576 | −0.199% | $32K | $14K | 5x | as long as short |
| Bybit ATUSDTlong | +0.0316% | 4h | 0.1579 | long leg | $529K | $1.1M | 25x | |
| BingX AT-USDT | +0.0348% | 4h | 0.1579 | −0.025% | — | $6.5M | — | as long as short |
Binance ATUSDT
OKX AT-USDT-SWAP
Gate AT_USDT
MEXC AT_USDT
Bitget ATUSDT
BloFin AT-USDT
Aster ATUSDT
BingX AT-USDT