Funding you earn now, next payment 04:00 UTC+0.0455%/8h= +49.9% APRnext payment +$2.28 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.076%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$919as in the Funding arb table
Net, price: spread back to 7d avg − costs−$850as in the Price arb table
costs, in and out, $10k−$8578.573% of the position
Funding, last 7 days−0.619%−$62 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.076%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.619%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXLUSDT | 0.05247 | −0.0355 | get 0.0178% / 4h | 3h 37m | $1.5M | $1.9M | 25x |
| Short | KuCoin AXLUSDTM | 0.05251 | 0.0100 | get 0.0050% / 4h | 3h 37m | $440K | $94K | 30x |
Bybit AXLUSDT
KuCoin AXLUSDTMFunding 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
- $95.61
- Price spread: +0.076% → +0.005%
- $7.09
- Slippage, 4 orders
- −$834.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$754.64
- Costs to cover
- 8.573%
- Break-even
- 62.3 days
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 14 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, 4 min ago | 3.80 bp | 40.2 bp −$40 | 226.8 bp −$2,268 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 11.45 bp | 463.7 bp −$464 | doesn't fit | doesn't fit | doesn't fit |
AXL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit AXLUSDTlong | −0.0355% | 4h | 0.05247 | long leg | $1.5M | $1.9M | 25x | |
| BingX AXL-USDT | −0.0060% | 4h | 0.05249 | +0.038% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05250 | +0.051% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05250 | +0.057% | $1.9M | $4.1M | 50x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05249 | +0.038% | $340K | $159K | 50x | as long as short |
| KuCoin AXLUSDTMshort | +0.0100% | 4h | 0.05251 | +0.076% | $440K | $94K | 30x | |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05247 | 0.000% | $574K | $303K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05260 | +0.251% | $6K | $23K | — | as long as short |
| BloFin AXL-USDT | +0.0155% | 4h | 0.05250 | +0.057% | $122K | $11K | 50x | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
MEXC AXL_USDT
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT