Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.054%7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$494as in the Funding arb table
Net, price: spread back to 7d avg − costs−$527as in the Price arb table
costs, in and out, $10k−$5125.118% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.054%, 7d avg +0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.150% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AUCTIONUSDTM | 3.7200 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $346K | $132K | 20x |
| Short | Bybit AUCTIONUSDT | 3.7180 | 0.0100 | get 0.0050% / 4h | 3h 59m | $576K | $341K | 25x |
KuCoin AUCTIONUSDTM
Bybit AUCTIONUSDTFunding 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
- $0
- Price spread: −0.054% → +0.097%
- −$15.04
- Slippage, 4 orders
- −$488.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$526.84
- Costs to cover
- 5.118%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 33 min ago; Bybit: live order book, 31 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, 33 min ago | 6.76 bp | 242.4 bp −$242 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 31 min ago | 5.39 bp | 40.9 bp −$41 | 65.8 bp −$658 | doesn't fit | doesn't fit |
AUCTION on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.1014% | 1h | 3.7573 | +1.003% | $7K | $2K | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7247 | +0.126% | $716 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7195 | −0.013% | $2.5M | $1.9M | 50x | as long as short |
| Bybit AUCTIONUSDTshort | +0.0100% | 4h | 3.7180 | −0.054% | $576K | $341K | 25x | |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7180 | −0.054% | $790K | $755K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7290 | +0.242% | $102K | $72K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7160 | −0.108% | $424K | $150K | 20x | as long as short |
| KuCoin AUCTIONUSDTMlong | +0.0100% | 4h | 3.7200 | long leg | $346K | $132K | 20x | |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7180 | −0.054% | $373K | $181K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7290 | +0.242% | — | $16.5M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Binance AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7340 | +0.376% | $173 | $38 | — | as long as short |
Variational Omni AUCTION