AWE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0242%/8h= −26.5% APRnext payment −$1.21 per $10,000 · paid last 24h +0.041%

Price spread now: Bybit against KuCoin+0.109%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,025as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,015as in the Price arb table

costs, in and out, $10k−$1,02010.201% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now +0.109%, 7d avg +0.060%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.049% dearer against KuCoin than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.060%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.046% in total) that is about 7.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.21 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	KuCoin AWEUSDTM	0.06411	0.0342	pay 0.0171% / 4h	1h 13m	$147K	$61K	20x
Short	Bybit AWEUSDT	0.06418	0.0100	get 0.0050% / 4h	1h 13m	$537K	$225K	25x

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 +0.109%Rate

Funding earned: −$50.82
Price spread: +0.109% → +0.060%: $4.9
Slippage, 4 orders: −$997.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,066.05
Costs to cover: 10.201%
Break-even: never at this rate

Slippage from KuCoin: live order book, just now; Bybit: live order book, 41 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, just now	9.36 bp	231.6 bp −$232	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 41 min ago	5.44 bp	67.0 bp −$67	204.2 bp −$2,042	doesn't fit	doesn't fit

AWE on 9 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
Aster AWEUSDT	+0.0100%	4h	0.06414	+0.054%	$2K	$8K	5x	as long as short
Binance AWEUSDT	+0.0100%	4h	0.06414	+0.047%	$2.2M	$1.4M	40x	as long as short
Bybit AWEUSDTshort	+0.0100%	4h	0.06418	+0.109%	$537K	$225K	25x
MEXC AWE_USDT	+0.0100%	4h	0.06413	+0.031%	$1.1M	$133K	20x	as long as short
Bitget AWEUSDT	+0.0100%	4h	0.06415	+0.066%	$447K	$266K	40x	as long as short
BingX AWE-USDT	+0.0100%	4h	0.06417	+0.094%	—	$6.6M	—	as long as short
BloFin AWE-USDT	+0.0137%	4h	0.06411	0.000%	$144K	$27K	40x	as long as short
KuCoin AWEUSDTMlong	+0.0342%	4h	0.06411	long leg	$147K	$61K	20x
Gate AWE_USDT	+0.0871%	8h	0.06407	−0.062%	$46K	$35K	25x	as long as short